Toshiba, Hitachi, Panasonic Shut Down LCD Plants for a Month
From natural disaster to economic downturn, Japan's LCD suppliers shut down due to damages from last Friday's earthquake.
Following a treacherous 8.9 magnitude earthquake and tsunami last Friday in Japan, LCD providers Toshiba, Hitachi and Panasonic are reporting that they are closing down their LCD plants due to damages. Toshiba and Hitachi announced that they will halt assembly lines for around a month, while Panasonic, on the other hand, isn’t sure when it’s Chiba-based LCD plant will get back on its feet.
Experts shared that such shutdowns could threaten the global supply of LCDs for mobile phones and automakers, potentially leaving a dent in corporate profits and economic growth in general. Although car industries in Japan wouldn’t have to worry much about the supplies because car production in the country is down anyway.
According to Macquarie Capital Securities analyst Damian Thong, “…given that the market for smartphones outside Japan is pretty active, supply disruptions there could cause problems for some handset makers of some models.”View Article Source »