All display OEM reducing capacity due to costs high and profits lower and lower due to cannibalizing their industry in a race to the lowest cost. Squires smart not to get sucked in to a losing game Nanosys even more exposed by reduced overall demand and move to OLED.

From the article---
China's panel makers also suffered from TV panel segment's loss of money. However, their capacity reduction scales have been lower than that of their rivals.