DisplaySearch is cutting its 2011 TV shipment forecast by 3%, due to weak demand in developed...

|By:, SA News Editor

DisplaySearch is cutting its 2011 TV shipment forecast by 3%, due to weak demand in developed nations. This is a negative not only for LCD glass and panel makers, but also for chipmakers NXP (NXPI) and STMicroelectronics (STM). However, DisplaySearch's forecast that most TVs will ship with LED backlighting by 2014 is a positive for Cree (CREE) and Rubicon (RBCN).