HannStar Display has decided to cut production by 5-10% in September as prices for LCD panels for monitors and medium-size applications are falling close to cost, according to a Chinese-language Commercial Times report.
With a total monthly capacity of 130,000 substrates from its only remaining fab, a 5G plant, HannStar had thought that the company's low capacity would spare it from the need to cut production despite weak demand in the market, the paper said. But the market has been worsening much faster than expected, the paper added.
Article translated by Rodney Chan
