LG Display CEO says that LCD panel prices have "reached a bottom"

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Donald Melanson
January 20th, 2009
LG Display CEO says that LCD panel prices have "reached a bottom"

The company may not exactly have the final say on the matter, but LG Display CEO Kwon Young-soo seems confident that the market for LCD panels is finally set to turn around, with him saying today that, "the good news is that we've reached a bottom," and that, "TV panel prices will likely stop the downward trend and recover." LG doesn't see things completely turning around overnight, however, and in the meantime it says it'll be pouring more than $400 million into a new production line designed to produce high-end LTPS LCD displays for mobile devices, which it apparently expects will be a more profitable area, and help it turn that frown upside down once more.

[Via DailyTech]

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