The earthquake that broke Cornings substrate plant in Japan earlier this week is, as expected, a boon for TFT LCD manufacturers who faced a glass glut otherwise.
The Taipei Times reported that shares of AU Optronics and Chin Mei Optoelectronics rose sharply on the news as some predicted a shortage of substrate will continue into the fourth quarter.
Corning warned after the earthquake that it was re-opening some facilities to counter a shortfall on substrate supply.
Both AUO and Chin Mei rely heavily on supply from Corning, with the Taipei Times estimating it supplied as much as 40 percent of substrate. And it’s estimated that the lack of capacity aggravated by the Corning catastrophe may push panel prices up by between $2 to $3 dollars, said the Taiwanese newspaper.