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TV makers to buy Taiwan flat panels
By Zhu Shenshen |
January 20, 2009, Tuesday
|
Print Edition
Print Edition
CHINESE mainland TV makers, including TCL and Changhong, plan to purchase LCD TV panels valued at US$2.19 billion this year from Taiwan as part of closer-tie agreements signed recently by both sides, a government Website said yesterday.
The letter of intent of purchase value will jump 59 percent year-on-year and the total volume is expected to hit 12 million liquid crystal display panels, according to the Ministry of Industry and Information Technology.
Nine television companies, which also include Hisense Group and Konka Group Co, have signed strategic cooperation agreements with Taiwan-based LCD manufacturers AU Optronics and Chi Mei Optoelectronics.
Taiwan's LCD industry will speed up expansion and raise its market share in the mainland, Kuen-Yao Lee, chairman of AU Optronics, was quoted as saying recently.
At present, South Korea-based Samsung and LG are the world's top LCD panel makers, followed by AU Optronics and Chimei.
In November, the South Korean firms' combined revenue market share was 50.9 percent in the global LCD panel market, compared to 42.6 percent in June. In the same period, the Taiwan firms' market share dropped from 45 percent to 34.3 percent, according to DisplaySearch.
"The LCD industry is more important to Taiwan than Korea as the weighted GDP percentage is comparatively larger at 8 percent versus 3 percent as of 2007," Frank Wang, a Morgan Stanley analyst, said.
The letter of intent of purchase value will jump 59 percent year-on-year and the total volume is expected to hit 12 million liquid crystal display panels, according to the Ministry of Industry and Information Technology.
Nine television companies, which also include Hisense Group and Konka Group Co, have signed strategic cooperation agreements with Taiwan-based LCD manufacturers AU Optronics and Chi Mei Optoelectronics.
Taiwan's LCD industry will speed up expansion and raise its market share in the mainland, Kuen-Yao Lee, chairman of AU Optronics, was quoted as saying recently.
At present, South Korea-based Samsung and LG are the world's top LCD panel makers, followed by AU Optronics and Chimei.
In November, the South Korean firms' combined revenue market share was 50.9 percent in the global LCD panel market, compared to 42.6 percent in June. In the same period, the Taiwan firms' market share dropped from 45 percent to 34.3 percent, according to DisplaySearch.
"The LCD industry is more important to Taiwan than Korea as the weighted GDP percentage is comparatively larger at 8 percent versus 3 percent as of 2007," Frank Wang, a Morgan Stanley analyst, said.
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