DIRS.INFO The most relevant business & tech news

☆ Shares of Tesla suppliers in Asia take a beating after automaker misses targets
▼ + stars: | 2024-01-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A Tesla Inc. Model 3 long range electric vehicle charges at the Tesla Supercharger station in Kettleman City, California, U.S., on Wednesday, July 31, 2019. Shares of electric vehicle makers and Tesla 's Asia suppliers tumbled on Thursday after the EV maker missed fourth quarter revenue and profit targets on Thursday and warned of slower sales this year. South Korean display manufacturer LG Display, known to supply the car displays for Tesla's Model 3, fell more than 4%. Battery suppliers to Tesla also saw declines. LG Energy Solution fell 3.8%, while Samsung SDI and Panasonic Holdings both declined about 2%.

Persons: Tesla Organizations: Tesla Inc, Tesla, LG, Battery, LG Energy, Samsung SDI, Panasonic Holdings Locations: Kettleman City , California, U.S, Asia, Texas, South

People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. Mobile display panel orders are concentrated in the second half of the year, when panels for Apple's latest mobile products are produced before the holiday season. Shares in LG Display rose as much as 8% after the earnings result, versus a 0.7% drop in the wider market (.KS11). "LG Display made it clear it will turn to profit. LG Display posted an operating loss of 662 billion won ($491.11 million) for the July-September quarter versus a loss of 759 billion won a year earlier.

Persons: Lisi Niesner, Sung, Kim, Jeff Kim, midsized, Max, 1,347.9600, Joyce Lee, Heekyong Yang, Clarence Fernandez, Jamie Freed, Lincoln Organizations: LG, IFA, REUTERS, Wednesday, Apple, KB Securities, Analysts, Thomson Locations: Berlin, Germany, SEOUL, Korean

Oct 25 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Upbeat U.S. economic data often fuels Fed rate hike expectations, dragging stocks and other asset markets lower. In Asia on Wednesday, South Korea's LG Display is expected to show a fall in quarterly revenue when it reports results. On the economic data front, annual consumer inflation in Australia is expected to slow to 5.3% in the third quarter from 6.0% in the April-June period. The Australian dollar liked what it heard, bucked the global trend of widespread weakness against the U.S. dollar, and goes into the inflation data on the front foot around $0.6360.

Persons: Jamie McGeever, Michele Bullock, Lan Foan, Xi Jinping, Josie Kao Organizations: Microsoft, Google, South, LG, Apple, Reserve Bank of Australia, U.S ., South Korea LG, Thomson, Reuters Locations: U.S, Asia, Australia, China, Beijing, South Korea

Learn moreSamsung's new S90C 4K OLED TV sits a step below the company's latest flagship model, and is designed to take on other value-forward OLEDs like LG's C3. Samsung S90C 65-inch 4K OLED TV The S90C is the successor to our favorite TV of 2022, the Samsung S95B. As for other home theater features, you'll get just about everything you'll need, with the exception of Dolby Vision. Ryan Waniata/InsiderDefinitely, Samsung's S90C is one of the best OLED TVs we've seen. And if you're still looking for more TV recommendations, check out our guides to the best 4K TV and best 65-inch TV.

Persons: you've, Ryan Waniata, brawn, priciest, it's, You'll, It's, Bixby, we've, we'd, you'll, OLED there's Organizations: Samsung, LG, Sony, Samsung's, Gaming, Nvidia, Dolby Vision, Vision, Dolby, Netflix, Disney, HDMI, Smart

☆ Missiles aren't the only threat from North Korea. Its conventional arms are just as deadly
▼ + stars: | 2023-08-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

A fire assault drill by North Korean rocket artillery units at an undisclosed location in North Korea in March 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). In late 2022, CFR estimated North Korea had 1.3 million active military personnel, in addition to a 600,000 strong reserve force. Pinkston pointed out that North Korea is not the only one that can launch an attack at short notice. Holistic perspectiveWhy would North Korea need to develop missiles if it holds such a potent threat over South Korea — even if short-lived? However, Cha pointed out that there have also been studies that have shown the damage inflicted by North Korean artillery is "not that effective."

Persons: that's, Naoko Aoki, Victor Cha, Rand, Daniel Pinkston, Pinkston, Cha Organizations: North Korean, North, Korean Central News Agency, Reuters, Korea's, Rand Corporation ., of Foreign Relations, CFR, Korean, Artillery, Center for Strategic, International Studies, Rand Corp, Samsung Electronics, Rand, . Rand Corporation, LG, South Korean, Troy University, CNBC, Korea People's Army, CSIS Locations: North Korea, Korean, Korea, South Korea, Seoul, Pyongyang, U.S, Paju, counterfire, Washington, United States, Victor, Victor Cha Korea

LG Display expects "a rise in demand for panels" as stockpiles of display panels have fallen during the first half of the year, CFO Sung-hyun Kim said. The second-quarter result was in line with a forecast of an 889 billion won loss from 16 analysts polled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate. Factory run-rates for organic light-emitting diode (OLED) displays used in high-end televisions remained relatively low due to weak sales in Europe, resulting in the poor performance in the second quarter, analysts said. Mobile display panel orders are concentrated in the second half of the year, ahead of the holiday season. However, the initial supply volume is unlikely to significantly impact the company's financials in the third quarter, analysts said.

Persons: Sung, Kim, Refinitiv SmartEstimate, Joyce Lee, Tom Hogue Organizations: LG, Apple Inc, Revenue, LG Display, Apple, Samsung Electronics, Reuters, Thomson Locations: SEOUL, KS, Europe

☆ Samsung sues Chinese rival over alleged patent violation on iPhone displays
▼ + stars: | 2023-07-03 | by ( Hyunjoo Jin | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 3 (Reuters) - South Korea's Samsung Display has filed a lawsuit against BOE Technology (000725.SZ), accusing the Chinese rival of infringing five of its patents for displays used in mobile devices including Apple's (AAPL.O) iPhone 12. Samsung Display, a unit of Samsung Electronics (005930.KS), asked a federal jury in Texas to award damages for the infringement of patents regarding organic light emitting diode (OLED) displays supplied by BOE. Samsung also seeks an injunction from the court to halt the import and sale of the affected displays. Apple has been using OLED displays on some of its Apple Watch and iPhone models, including the latest iPhone 14. The OLED display market is dominated by Samsung Display, with BOE narrowing the gap, overtaking South Korea's LG Display (034220.KS) as the No.

Persons: BOE, Apple, OLED, Omdia, Choi Kwon, Hyunjoo Jin, Stephen Nellis, Matthew Lewis Organizations: FRANCISCO, Samsung, BOE Technology, Samsung Electronics, U.S, Apple, Apple Watch, South, LG, U.S . International Trade Commission, San, Thomson Locations: Texas, East Texas, South Korea, China, San Francisco

☆ South Korea aims to boost global display market share to 50% by 2027
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-HakSEOUL, May 18 (Reuters) - South Korea aims to increase its share of the global display market to 50% by 2027, through private sector investment and government tax benefits and subsidies, the country's industry ministry said on Thursday. South Korea, home to major display panel makers such as Samsung Display and LG Display Co Ltd (034220.KS), currently has a 37% share of the global display market, according to the ministry. The ministry said the private sector planned to invest more than 65 trillion won ($49.21 billion) to expand production of advanced organic light-emitting diode (OLED) display panels and display research through 2027 in South Korea, and the government planned to offer about 900 billion won in financing. In April, Samsung Electronics' (005930.KS) unit Samsung Display said it would invest 4.1 trillion won until 2026 in South Korea to make OLED display panels used in tablets and computers.

☆ Exclusive: LG Display to supply OLED TV panels to Samsung Elec - sources
▼ + stars: | 2023-05-16 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

Initial supplies to Samsung would likely be 77-inch and 83-inch white OLED (WOLED) TV panels. OLED panels cost nearly five times more than liquid-crystal display (LCD) panels. Analysts have speculated that LG Display was in talks to supply OLED TV panels to a new client. LG Display supplies OLED TV panels to LG Electronics and Sony. Samsung Electronics has its own display-making unit Samsung Display which focuses on OLED screens for mobile phones made by Apple and Samsung.

☆ LG Display posts 4th straight quarterly loss on weak gadget demand
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

SEOUL, April 26 (Reuters) - South Korean display panel maker LG Display (034220.KS) on Wednesday posted its fourth straight quarterly loss, trailing estimates, as global demand for devices like computers and monitors remained depressed amid an uncertain economic climate. LG Display, an Apple Inc (AAPL.O) supplier, posted a 1.1 trillion won ($822.59 million) operating loss for the January-March quarter, versus a profit of 38 billion won a year earlier. The result missed a forecast of a 660 billion won loss from 18 analysts polled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate. Revenue slumped 32% to 4.4 trillion won, LG Display said. Shares in LG Display widened losses, falling 4% after the results announcement, versus a 0.2% drop in the wider market (.KS11).

SEOUL, March 6 (Reuters) - South Korea will halt a World Trade Organization (WTO) dispute process sparked by a complaint against Japan as the two countries discuss Japan's export curbs on high-tech materials to South Korea, the two countries' trade ministries said on Monday. In July 2019, Japan imposed export curbs on materials used in smartphone displays and chips amid a decades-old row with Seoul about South Koreans who said they were forced to work under Japan's 1910-1945 occupation of Korea. As South Korea has proposed its companies would compensate those people, both countries will quickly begin discussions to return export curbs to their pre-July 2019 state, the ministries said on Monday. "The suspension of the WTO dispute resolution process is not really a withdrawal... but a pause," said Kamchan Kang, director-general at Korea's trade ministry. Reporting by Joyce Lee and Heekyong Yang; Editing by Kim Coghill and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

"We engaged in intense production adjustment in the fourth quarter," Kim Sung-hyun, CFO of LG Display said in an earnings call. It flagged investments of only about 3 trillion won this year, compared to 5.2 trillion won in 2022, and said it will conservatively maintain existing production. Shares in LG Display reversed early losses, jumping 4.1% in afternoon trade versus a 1% rise in the wider market (.KS11). It missed an average forecast of a 797 billion won loss from 10 analysts polled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate. A continuous decline in mid-sized panel prices and efforts to control inventory and reduce factory operations caused the loss, LG Display said.

SEOUL, Jan 27 (Reuters) - South Korean display panel maker LG Display (034220.KS) on Friday posted a record operating loss in the December quarter, as global demand for smartphones, computers and televisions remains depressed amid an uncertain economic outlook. It missed an average forecast of a 797 billion won loss from 10 analysts polled by Refinitiv SmartEstimate, which is weighted toward analysts that are more consistently accurate. Revenue fell 17% to 7.3 trillion won, LG Display said. In order to weather the downturn, LG Display said last month it is stopping production of liquid-crystal display (LCD) TV panels in South Korea. LG Display said it plans to boost its made-to-order business to increase stability in the face of uncertain market conditions, from 30% of sales currently to 50% of sales by 2024.

☆ Earnings could keep the market on edge in week ahead as investors wait for Fed
▼ + stars: | 2023-01-20 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

I do think that will happen even more in the week ahead as the Fed is in a blackout period. S & P Global PMI data is released for both services and manufacturing Tuesday. "The market continues to think the Fed does not have to administer as much medicine as the Fed tells us they plan to. Earnings, earnings, earnings Stocks were lower in the past week, with the S & P 500 off by 1.8%. "It's a mild earnings recession, but it's an earnings recession.

☆ Financial services firm discusses Apple's plan to make in-house screens
▼ + stars: | 2023-01-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancial services firm discusses Apple's plan to make in-house screensDaniel Yoo of Yuanta Securities says Apple's plan to make in-house screens will affect LG Display more than Samsung Electronics.

☆ Apple to start using in-house screens from 2024 - Bloomberg News
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 10 (Reuters) - Apple Inc (AAPL.O) is planning to start using its own custom displays in its mobile devices from 2024 onwards in an attempt to bring more components in-house, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The company intends to begin by swapping out the display in the highest-end Apple Watches by the end of next year. Apple plans to eventually bring these displays to other devices as well, including the iPhone, according to the report. Apple did not immediately respond to a Reuters' request for comment, while Samsung Display, a unit of Samsung Electronics (005930.KS), and LG Display (034220.KS) declined to comment. Bloomberg News had reported on Monday that Apple plans to replace Broadcom Inc (AVGO.O) chips from its devices with an in-house design in 2025.

☆ LG Display to halt production of liquid crystal display TV panels in South Korea
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Dec 23 (Reuters) - South Korea's LG Display Co Ltd (034220.KS) said on Friday it plans to halt the production of its liquid-crystal display (LCD) TV panels in South Korea due to intensifying competition. The Apple Inc (AAPL.O) supplier expects the decision to halt production of LCD TV panels would not have impact on its normal business activities, LG Display said in a regulatory filing. Reporting by Hyunsu Yim and Heekyong Yang; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

It missed an average forecast of a 474 billion won loss from 12 analysts polled by Refinitiv SmartEstimate. Revenue fell 6% to 6.8 trillion won, LG Display said in a regulatory filing. "Under the conservative stance that poor management performance may be prolonged...we will accelerate our exit from the LCD TV sector," said LG Display Chief Financial Officer Sunghyun Kim told analysts on Wednesday, without providing an updated timeline. In third quarter, the company derived around 9% of its revenue from LCD TVs, a spokesperson said. Shares in LG Display fell 0.8% after the earnings result, versus a 0.6% rise in the wider market.

☆ LG Display's Q3 loss is larger than expected on falling demand
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Oct 26 (Reuters) - South Korean flat-screen maker LG Display Co Ltd (034220.KS) posted on Wednesday its second consecutive quarterly loss, as soaring inflation and a gloomy economic outlook dealt a further blow to lacklustre demand for TVs and smartphones. The Apple Inc (AAPL.O) supplier posted an operating loss of 759 billion won ($532.13 million) for the quarter from July to September, compared with a profit of 529 billion won in the year-earlier period. It missed an average forecast of a loss of 474 billion won from 12 analysts polled by Refinitiv SmartEstimate. ($1=1,426.3300 won)Reporting by Joyce Lee & Heekyong Yang; Editing by Jacqueline Wong and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.

Search resuls for: "LG Display"

20 mentions found