LG Philips to invest $5.1 billion in new LCD production line

Posted on Thursday, December 02 2004 @ 22:02 CET by Thomas De Maesschalck

LG.Philips LCD, the world's second-biggest maker of liquid crystal displays, on Tuesday announced a $5.1 billion investment plan to build a more advanced production line. The plan comes amid a continuing fall in flat-panel prices due to a supply glut caused by weaker-than-expected demand.

LG.Philips on Friday said liquid crystal displays (LCD) prices would fall by more than 15 percent in the fourth quarter, following a one-fifth fall in the third quarter.

More information at News.com

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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