[THE INVESTOR] LG Display stood as the leading maker of LCD panels for TVs in the first quarter, data showed on April 25.

According to the data compiled by industry tracker WitsView, LG Display produced 12.6 million units of LCD panels in the January-March period, down 7 percent from three months earlier.

Taiwan-based Innolux followed with 9.9 million units.

China’s BOE Technology Group and China Start Optoelectronics Technology were placed in the third and fourth spot, respectively. Samsung Display was relegated to the fifth spot with 8.8 million units.

Industry watchers said LG and Samsung have opted to focus efforts on OLED panels over LCD panels, leading to the on-quarter decrease.

By Alex Lee and newswires (alexlee@heraldcorp.com)