Nam Tai Electronics receives production order for smartphone LCD modules Nam Tai Electronics announced that it has received a new purchase order from an existing customer to extend the production at the company's Shenzhen facility of high-resolution liquid crystal display modules, or LCMs, for a smartphone. Under this new purchase order, the company expects to extend its production of LCMs for smartphones for this customer to the period ending September to manufacture approximately 15M additional units. This new purchase order does not alter the customer's decision to eventually transfer its future orders to other suppliers with lower assembling charge. This order only offers temporary relief for the company and does not guarantee that any new future order will be awarded. In addition, the customer may cancel any or all of this purchase order with payment of a cancellation fee to the company.
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