Latest in Business

Image credit:

Chi Mei Optoelectronic votes "no" to cutting LCD production

Darren Murph
11.28.08
Share
Tweet
Share
Save

Sponsored Links


With practically every other flat-panel maker out there cutting back production like it's going out of style, it's no shock that rumors were a-flowin' that LCD maker Chi Mei Optoelectronic would soon be following suit. After suffering a $125 million loss in Q3 and facing a grim Q4, the outfit has proudly proclaimed that it has zero intentions of shutting down factories or otherwise lowering production in order to counter the slump. 'Course, CMO did trim output by around 20% last quarter, but in an official filing with the Taiwan Stock Exchange, it clearly stated that it currently had "no plans to close factories as reported by the media." So, what exactly is it doing? Encouraging employees to take unpaid vacations. Interesting.

[Image courtesy of UberGizmo]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Engadget's 2019 Back-to-School Guide

Engadget's 2019 Back-to-School Guide

View
Apple warns against storing its titanium credit card in leather

Apple warns against storing its titanium credit card in leather

View
Google's next Nest Mini speaker could be wall-mountable

Google's next Nest Mini speaker could be wall-mountable

View
Microsoft tests more control for apps that restart with Windows 10

Microsoft tests more control for apps that restart with Windows 10

View
Terminator T-800 and The Joker are coming to 'Mortal Kombat 11'

Terminator T-800 and The Joker are coming to 'Mortal Kombat 11'

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr