Just what the slumping TV industry doesn't need: Foxconn (HNHAF.PK) is planning to release...

|By:, SA News Editor

Just what the slumping TV industry doesn't need: Foxconn (HNHAF.PK) is planning to release "entry-level large-size LCD TVs," Digitimes reports. The contract manufacturing giant, renowned for its ability to drive down production costs, is said to have begun trial production for its sets, but hasn't finalized marketing plans. Foxconn's TV ambitions could spell additional losses for Sharp (SHCAY.PK) and Sony (SNE), and pressure market leader Samsung's (SSNLF.PK) margins.