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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan's Sharp to reduce LCD panel production: report AFP - Sunday, November 16 TOKYO (AFP) - - Japan's Sharp Corp. will cut production of liquid crystal display panels to cope with reduced demand due to the global economic slump, the Nikkei newspaper reported Saturday. Sharp, the fifth-largest LCD panel maker with a global market share of slightly below 10 percent, will reduce its production of the panels from mid-December. The company will decide the exact scale of the cuts after monitoring sales in the year-end shopping season, the business daily said, without citing sources. The top four LCD panel makers in the world have already reduced production to weather the ongoing sales slump. The leading Samsung Electronics Co. of South Korea has already cut production by around five percent, while LG Display Co. of South Korea and Taiwanese firms AU Optronics Corp. and Chi Mei Optoelectronics Corp. have also lowered output, the Nikkei said. The report came days after the United States imposed fines totaling 585 million dollars on Sharp Corp and two other manufacturers for their roles in fixing the prices of LCD panels. US officials say Sharp was involved in price-fixing between 2001 and 2006 for LCDs sold to makers of computers, mobile phones and portable music players. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Pakistan agrees to IMF credit of at least $7.6 blnReuters - 57 minutes ago Europes faces more "difficult" qtrs- ECB's B-SmaghiReuters - 1 hour 46 minutes ago World leaders panned over handling of financial crisis - pollReuters - 2 hours 7 minutes ago Indonesia's Timah sees tin output flat in 2009Reuters - 2 hours 19 minutes ago G20 Leaders at economic summit eye detection planAP - Sunday, November 16 Enlarge Photo Japan's Sharp to reduce LCD panel production: report Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Bin Laden is isolated, focused on his own security: CIA Ancient 4,300-year-old pyramid discovered in Egypt Earth would be heading to a freeze without CO2 emissions Britney Spears's son hospitalized: statement Indian probe lands on moon, sends images View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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