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LG to cut LCD production, Samsung plans to keep its lines humming
That glut of LCDs sitting on the shelves has some manufacturers at odds on how to react, with world #2 LG cutting production by 10% (with plans to raise it again in September), while the number one manufacturer Samsung is going to keep pushing them out as fast as it can, aiming for double digit sales growth this year. That doesn't mean it's not concerned about falling demand and too much supply, but it looks like all those partnerships mean its going to have someone to sell all its screens to at the end of the day. Don't expect that attitude to crash prices anytime soon however, as OEMs like AUO and CMO are following LGs lead and cutting production temporarily.
Read - Samsung Elec says has no plans to cut LCD output
Read - LG Display to cut output by 10 pct in downturn
