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Samsung Denies TV Panel Production Cut

8/30/2011 10:15:00 AM Eastern
UPDATED! Seoul, South Korea - Samsung Electronics denied a report Tuesday that it was planning to cut monthly television panel production up to 80 percent by the end of this year.

"We are not planning any artificial cut in production and will keep production flexible to meet customer demand," Samsung said in a statement.

The Korea Economic Daily reported Tuesday that Samsung was planning to cut TV panel production as it ramped up production of smaller panels used for tablets and notebook PCs.

The story, which attributed the news to unnamed sources, said Samsung would reduce its monthly LCD TV panel production from between 1 million and 1.3 million units to around 2 million to 3 million units by the end of the year.
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