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LG.Philips LCD Leads Stunning TFT-LCD Monitor Market For Eighth Straight Quarter
2001-09-25
SEOUL, South Korea, September 24, 2001 - LG.Philips LCD Co.Ltd., a leading innovator of liquid crystal display (LCD) technology, today announced that for the eighth consecutive quarter, the company has maintained its position as the industry’s leading supplier of thin film transistor (TFT)-LCDs for monitor applications. In addition, the company has strengthened its number two position in market share for the overall large-area TFT-LCD market, experiencing a rapid sequential growth of 51 percent in overall unit shipments for Q 01.
According to DisplaySearchs (Austin, Texas) Q2 `01 Quarterly Large-Area TFT-LCD Shipment Report, LG.Philips LCD’s market leadership for the monitor module market share increased by over
5 percent, rising from 17.2 percent to 22.4 percent of the market in Q2 `01, with an 87 percent sequential increase in unit shipments. Furthermore, the company grew its market share in the notebook PC segment, from 14.8 percent to 17.2 percent of the notebook module market in Q2 `01. LG.Philips LCD strengthened its overall market share in large area TFT-LCDs from 15.3 percent to 18.8 percent in 2Q `01. DisplaySearch also predicts that LG.Philips LCD will have the largest input capacity by Q4 `02.
Also noteworthy, DisplaySearch reported that on a regional basis, Korea surpassed Japan’s market share for the first time, becoming the leading supplier of large-area TFT-LCDs. According to DisplaySearch, Korea’s overall large-area TFT-LCD market share increased to 41.5 percent in Q2 `01. LG.Philips LCD’s rapid growth has been attributed as a key-contributing factor for Korea’s success in the market.
"We are extremely pleased with the significant TFT LCD unit growth that LG.Philips LCD and Korea have experienced this past quarter and we will work hard to continue to meet our customers needs." said Bruce Berkoff, executive vice president of marketing for LG.Philips LCD. "As an example of our great product acceptance, we are proud to note that our new narrow-bezel 18.1-inch monitor module was just named Product of the Quarter by the Global Display Network (see www.globaldisplaynetwork.