Wednesday, November 30, 2011

Taiwan's flat-panel industry: a target for bailout?

l  Once considered a strategic industry vital to the island’s economic prospects, Taiwan’s LCD flat-panel display manufacturers are struggling to survive.

l  Burdened by heavy losses resulted from declining demands in Europe and the United States, the government is now considering ways to “consolidate” the island’s LCD industry. In fact, Taiwan's leading LCD companies have expressed willingness to “explore all options.”

l  According to the Council for Economic Planning and Development (CEPD), the government plans to inject funds into the flat-panel industry, as well as other sectors that show promise in terms of “meeting the larger global trends.”

l  Money from the government’s National Development Fund (NDF) will likely be invested in green power, bio-medicine, and flat-panel industries in light of their market competitiveness and growth potential.

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