Chinese Vendors Open Bidding Wars

Rather than price negotiations, some Chinese TV vendors have adopted open-bid competition with optical film suppliers, say sources in Asia. The vendors are seeking to lower procurement costs; suppliers from China, Japan, Korea and Taiwan have all expressed an interest in competing.

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This news comes just after comments made by AUO president Paul Peng, in which he criticised the lack of cooperation by Chinese panel makers. Peng urged panel vendors in China to put more of a focus on supply chain co-operation, as well as technology, capital and downstream vendors. (TA)