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

Posted on Thursday, December 02 2004 @ 22:02:23 CET by

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.

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