LCD Screen Industry May Be Next IT Recession Victim
Fri, Feb 27th, 2009
Taiwanese LCD panel maker Chunghwa Picture Tubes on Friday said it asked the government to help it extend the repayment schedule on NT$15 billion (US$430 million) in loans, becoming the first such company to seek aid amid the global recession.
The company is one of Taiwan's smaller makers of LCD panels, which are used in screens for laptop PCs, mobile phones and desktop monitors. It's move to shore up finances is a sign of the times.
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