Since 2013, major LCD panel makers have continually invested in fabs producing LTPS LCD panels to capture demand in the high-end smartphone market. According to WitsView, global LTPS production capacity by area will stand at 9.4 million square meters in 2015, and in 2016 capacity will reach 10.7 million square meters. WitsView senior research manager Boyce Fan expects no relief from the oversupply situation and the margins of LTPS products will be squeezed further.
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