Taiwanese notebook makers bid for Hyundai LCD

Consortium sets its sights on Korean's screens division

A consortium of key Taiwanese notebook manufacturers is launching a joint bid to buy Hyundai's LCD division. Named among the interested parties are Clevo, Compal and Mitac. They have put forward a combined bid which is believed to be in the region of NT$5 billion, according to Taiwan's Economic Daily News. Hyundai has been looking to offload its LCD operation since earlier this summer. For the notebook makers this could be a shrewd buy, given the general shortage of screens for notebook PCs. The consortium approach allows the companies involved to spread the investment risk while still benefiting from increased access to screens. Screens make up around one third of the cost of notebooks and the price is predicted to rise as the effects of widespread shortages are felt. ® See related items: TFT famine runs until 2001 TFT shortage bites into notebook sales TFT shortage to push notebook prices up

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