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Innolux Reports Its Worst Quarterly Loss In Three Years

Miaoli based LCD panel maker Innolux Corporation have reported its worst quarterly loss in three years due to slow demand and price fell off. Oversupplying is also the main reason that the company has its worst quarterly.

Though the company is looking to rebound and stabilize, supply of constraints of polarizer which will control the production. Flat panels used in PC monitors, laptops and small display have very weak demand in the last quarter.

With a NT$3.73 billion in losses, this is the worst of Innolux’s loss per quarter since 2016. Sagging panel prices and seasonal weakness brings the revenue down by 17.1 percent quarter by quarter.

Other displace panel companies, AU Optronics and LG Display also posted high losses due to weak demands. Oversupply is the highest challenge for all manufacturer if flat panel displays.

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