Finally, there's some good news on the display front. LG Display Thursday said that it expects to have a healthy second half thanks to renewed demand.
LG Display said that its computer monitor panel sales in July rose 75 percent from a year earlier, due to capacity expansion, according to Reuters.
The Seoul, Korea-based company said that it is also being helped by climbing PC panel prices, which had already risen 10 percent in July.
"The trend could continue until October for notebook prices," said Davis Lee, vice-president in charge of marketing for monitor and notebook panels, in an interview with Reuters. He also believes that momentum for increasing PC monitor panel prices will continue into September.
Lee believes that there will be an uptick in demand for monitor panel replacement as the economy recovers.
"Considering the PC replacement cycle, there could be a big opportunity in the corporate PC market either in the second half of this year or the first half of next year there will be some needs from the fourth quarter," he said.
LG started showing signs of renewed life after posting favorable earnings for the second quarter. The company said that on a revenue basis, TFT-LCD panels for TVs, monitors, notebook PCs and mobile applications accounted for 55 percent, 22 percent, 18 percent and 5 percent, respectively, in the second quarter.
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