The market for TFT-LCD equipment may have grown 30% in 2008, but it is expected to drop 41% in 2009, according to The Information Network.

Samsung Electronics, the world's top maker of memory chips and flat screens, is planning to reduce its capital expenditure by 35% in 2009, the Korea Economic Daily has reported.

Pioneer will cut 10,000 jobs and close its television operations as the slump in global electronics sales forced the company to widen its annual loss forecast to a record 130 billion yen (US$1.44 billion).