AU Optronics (AUO) November TFT LCD Revenues Down 34.9% M/M

AU Optronics (AUO), the largest LCD supplier in Taiwan, reported November TFT LCD results for November on December 8, 2008. Preliminary consolidated revenues declined 34.9% M/M and 66.8% Y/Y to NT$17,754 million. Large-sized (10″ and larger) LCD shipments were down 29.2% M/M to just over 4.5 million units. Small/medium LCD shipments fared worse dropping 34.5% M/M to 14.85 million units. AUO is revising its Q4’08 guidance that it originally gave on October 23, 2008. The company is expecting high-20% Q/Q declines for large-sized LCD shipments in Q4’08. Small/medium panel shipments are forecasted to drop 25% Q/Q. Overall LCD fab utilization rates are expected to be around 60%. Normal rates hover around 90% so AUO is certainly feeling the decline of end user demand for LCD goods.

Source: AUO

[tags]AU Optronics, AUO, Display Manufacturer, LCD Manufacturer[/tags]

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