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Taiwan's Chi Mei sees LCD shipments, prices up in Q3

Post Time:Jul 31,2009Classify:Company NewsView:272

TAIPEI, July 30 (Reuters) - Chi Mei Optoelectronics Corp (3009.TW), Taiwan's second-largest LCD maker, said it expects third-quarter LCD prices and shipments to rise, indicating a sector recovery is on the way.

Chi Mei said on Thursday that it expected shipments of television and computer LCD panels to rise 15 to 20 percent in the third quarter from the previous three months.

Prices of large LCD panels are seen up by an average of 10 to 15 percent in the July-September period from the second quarter, executives said at an investor conference.

Chi Mei's comments come days after AU Optronics (2409.TW) (AUO.N), the world's largest LCD maker, said it aimed to return to profitability in the third quarter, buoyed by massive stimulus spending in China. [ID:nTP188009]

Source: ReutersAuthor: shangyi

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