The Chinese government has said it is ready and willing to punish hackers in the country that allegedly targeted Google Inc. and other companies earlier this year, if Google can provide evidence against the accused. Vice Minister Miao Wei said that Google has not filed a report to the Ministry of Industry and Information Technology over the cyber attacks or sought negotiations with the government.
“If Google has had evidence that the attacks came from China, the Chinese government will welcome them to provide the information and will severely punish the offenders according to the law,” Miao said. “We never support hacking attacks because China also falls victim to hacking attacks.”
As for Google’s threat to leave China following the events and ongoing tensions over mandated censorship, Miao said that the company didn’t notify the ministry that it is considering a withdrawal from the country either. “If Google decides to continue its business in China and abides by China’s laws, it’s welcome to stay,” he said.
“If the company chooses to withdraw from the Chinese market, it must go through certain procedures according to the law and regulations and deal with customers’ problems that may arise.” He went on to vow that China will continue to provide a sound investment environment for foreign investors and protect their legitimate rights.
Result for: investor
A couple of days ago we reported that iPad manufacturer Foxconn was having an “unspecified production problem,” and there might be shortages of the tablet in March.
The report came from an investor note by Canaccord Adams analyst Peter Misek, who said Apple was hoping to ship 1 million, but might only have 300,000 available by launch in late March. Misek even said launch could be pushed back until mid-April, until 1 million units were available.
Today, Taiwanese component makers have denied those rumors, saying their supplies are on schedule.
“Our supplies are on schedule and Foxconn should be able to ship 600,000-700,000 iPads in March and one million units in April,” reads the Digitimes report.
They also do not expect Apple to delay the launch.
Result for: investor
LG Display has increased fears of rapid supply growth of LCD panels by announcing it is considering constructing a new LCD production line to meet demands. Manufacturers of LCD television products have been enjoying a healthy level of demand for LCD flat-screens, bolstered recently by Chinese holidays and sporting events like the Winter Olympics.
However, concerns are taking root in the industry that it may return to a state of oversupply as manufacturers beef up production to capitalize on the demand. Controlling supply is important for players in the industry to maintain profit margins for the technology.
“Although demand is strong, growing capacity will become increasingly burdensome for the industry,” said Jason Kang, an analyst at NH Investment & Securities. “Supply is already growing and the growth will be faster next year.”
LG plans to begin operation of a separate production line in the first half of 2010, while Taiwanese rivals are increasing factory utilization. “We are considering increasing capacity because we have been unable to meet all client demand for some time,” said an LG Display spokesman. “But nothing has been decided yet.”
LG Display CFO James Jeong revealed to investors just last month that the company was meeting under 90 percent of orders received and that the situation was likely to continue for months.
