Virus outbreak at Taiwan Semiconductor Manufacturing Company set to impact its Q3 results

Despite the outbreak, which has caused shipment delays, TSMC has maintained its single digit growth forecast. Taiwan Semiconductor Manufacturing Company Ltd, the world’s largest contract chipmaker stated as a result of computer virus outbreak in its systems, its third-quarter results have been affected. TSMC, a major supplier for Apple Inc, stated the virus infected a…

LG slashes LCD investment costs, maintains planned investments in its OLED business

LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…