TOKYO -- Prices for liquid-crystal display panels for TVs are tanking amid a fierce price war led by Chinese manufacturers that receive subsidies from local governments.
Prices for high-volume LCD panels for 32-inch TVs have stopped falling because panel makers have cut output as prices have fallen below production costs. But the price of panels for 65-inch TVs, suppliers' cash cow, have fallen 30% over the past year and continue to sink despite surging demand in North America and China.
