BOTTOMING OUT? The firm forecast prices for large-sized panels would stabilize this quarter, but said sales would fall, while prices for smaller panels could slide
Date: Feb 15, 2019
By: Lisa Wang / Staff reporter
Innolux Corp (群創), an LCD panel manufacturing arm of Hon Hai Precision Industry Co (鴻海精密), yesterday reported its first quarterly losses in about two years in the fourth quarter of last year as prices plunged due to an overcapacity-driven downcycle.
The performance heralded a challenging year for the industry and the company this year.
Downside risks are growing due to uncertainty over the global economy and increased panel supply from China, which puts pressure on prices, Innolux said.
To cope with the downturn, Innolux said it plans to optimize its production portfolio and boost product value. [FULL STORY]