Facts: With AUO reporting that May large-sized LCD panel shipments were down 1.5% from April, Corning‘s stock price may have been impacted. Roughly two weeks prior to AUO’s announcement, Corning forecasted a 5% lower sales for Q2.
Opinion: Any downward movements in panel shipments will impact Corning since Corning is the leading provider of LCD glass to major LCD manufacturers such as AUO, Samsung and LPL. However, lower panel shipments does not automatically mean less glass demand due to the industry-wide shift to larger panels such as LCD TVs that leads to less units given a constant capacity.
[tags]Corning, LCD Glass, AUO, Samsung, LG Display, LPL, LCD TV, AU Optronics, Display Manufacturer[/tags]