HannStar Display Expects Q4 Turnaround, Bullish on Automotive Products
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Panel manufacturer HannStar Display's General Manager, Chen Sheng-chung, stated on May 20 that despite ongoing inflationary pressures and the impact of the Middle East conflict, operations are expected to improve by the fourth quarter or next year through cost reduction efforts. The company is shifting its focus from consumer products to automotive and industrial control products, aiming for the automotive sector to eventually account for over 60% of revenue to stabilize profitability. Additionally, HannStar plans to mass-produce new eye-protection products in the second half of the year.