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Sharp Cuts Production Of LCD Panels

8/20/2010 03:21:40 PM Eastern
Tokyo - Sharp said Friday it will temporarily cut production of LCD panels, as inventory levels grow in China and the United States.

The company will reduce production of 40-inch and larger panels at its Sakai factory by 20 to 30 percent for up to two months, according to reports from Japan.

The move may impact supplies available to Sharp component customers, including Sony, but is not expected to have an impact on Sharp's own needs, the reports said.

 Sharp said it still expects to sell 15 million TVs for fiscal 2010, up 47 percent over 2009.
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