chi mei optoelectronics lcd panel for sale

CHIMEI Corporation (Chinese: 奇美實業; pinyin: Qíměi Shíyè; CMC) is a Taiwan-based performance materials company. It has long been known as the world’s largest vendor of ABS resins. It has factories in Tainan, Zhenjiang and Zhangzhou. It also produces advanced polymer materials, synthetic rubbers, and specialty chemicals.

CHIMEI Corporation is part of a privately held holding company called the CHIMEI Group, which has numerous subsidiaries. One of them is Chi Mei Optoelectronics (CMO), which was founded in 1997 as a subsidiary of Chi Mei Corporation. Chi Mei Group was the largest shareholder in publicly listed CMO. The new Chinese: 奇美電子, CMI) is the world"s No. 2 and Taiwan"s No. 1 largest maker of TFT-LCD panelsWestinghouse Digital Electronics. Though CEO Douglas Woo has maintained the confidentiality of the ownership of the private Westinghouse licensee, they admit a significant vertically integrated relationship exists between the two.

The company was founded by Shi Wen-long in 1960 as Chi Mei Industrial Company Ltd., the first acrylic sheet manufacturer in Taiwan; it was renamed CHIMEI Corporation in 1992.

In 2001, the CHIMEI Group along with IBM Japan set up International Display Technology, which it subsequently sold to Sony in 2005.price fixing conspiracy with respect to sales of TFT-LCDs between 2001 and 2006.

Chi Mei Optoelectronics Corp (奇美電子), the nation’s No. 2 liquid-crystal-display (LCD) panel maker, said yesterday it hoped to close a three-way merger with panel makers Innolux Display Corp (群創光電) and TPO Displays Corp (統寶光電) in March, one month earlier than scheduled.

The share-swap merger came amid the LCD panel industry’s rapid recovery from last year’s slump as consumers resume spending on electronics because of the improving global economy, led mostly by Asian countries like China.

Chi Mei Optoelectronics chairman Frank Liao (廖錦祥) told shareholders that the merger would have a synergistic effect in terms of capacity, capital, customers and raw material suppliers. Liao said the three companies were complementary to each other in terms of flat-panel manufacturing technologies. Early integration would maximize the effect, he said.

Innolux said at the time that it would issue 2.95 billion common shares to Chi Mei Optoelectronics and 528 million to TPO Displays. The resultant company will be named Chimei Innolux Corp.

Shareholders of Innolux and TPO yesterday gave their go-ahead to the plan, which will create the nation’s biggest LCD panel maker, unseating AU Optronics Corp (友達光電).

The companies yesterday also gave positive forecasts for the LCD industry.　Innolux chairman Tuan Hsing-chien (段行建) said demand was better than he had expected last month and that inventory was healthy.

The positive outlook is reflected in plans to hike prices aggressively for PC monitor and TV panels in the first half of this month as demand looks stronger than expected, market researcher DisplaySearch said in a report released on Tuesday.

“TV brands are continuing to stock more panels for the sales planned for the next one to two months, especially since the demand from China TV brands remains firm in January, which shifts power to the panel sell-side,” DisplaySearch said in the report.

The price for mainstay 19-inch PC monitor panels rose 2.7 percent, or US$2, to US$77 per unit for the first two weeks of this month from the previous two weeks, the report showed. Prices for 32-inch TV panels may climb nearly 1 percent to US$205 per unit, it said.

Originally established in 2003 and publicly listed in 2006, Innolux merged with Chi Mei Optoelectronics and Toppoly Optoelectronics in March 2010, in what was the largest merger in the flat panel display industry. Chimei Innolux was the successor company and it initially preserved the Chimei name. In order to differentiate itself from the ChiMei brand, the company was renamed Innolux in December 2012. Based in Taiwan, Innolux produces a full range of large, medium and small LCD panels and touch-control screens. It has 58,000 employees and production sites and sales locations worldwide.

SHANGHAI, March 11 (Reuters) - Chi Mei Optoelectronics Corp, Taiwan"s No. 2 LCD maker, expects its liquid crystal display shipments to rise 20 percent this year to 76 million units from last year"s 63 million, Chen-lung Kuo, vice president for global sales and product development, said on Wednesday.

He also said the company’s shipments of LCD panels for televisions is expected to rise about 25 percent this year to 25 million units, helped largely by the Chinese government’s policy incentives to encourage sales of electronic goods in rural areas. (Reporting by Fang Yan; Writing by Edmund Klamann; Editing by Jacqueline Wong)

SHANGHAI, March 11 (Reuters) - Chi Mei Optoelectronics Corp, Taiwan"s No. 2 liquid crystal display maker, expects its LCD panel shipments to rise 20 percent this year with help from Chinese government policy to boost rural consumer spending on electronics, an executive said on Wednesday.

Chi Mei also expects its shipments of LCD panels for televisions to rise about 25 percent this year to 25 million units, said Chen-lung Kuo, the company’s vice president for global sales and product development.

He added that the company had sold out its first shipment of products to rural Chinese regions under a policy to stimulate consumer spending by subsidising purchases of home appliances and electronics in the countryside.

The company’s LCD panel shipments for notebook PCs are also seen rising strongly to 18 million units this year from 12 million in 2008, although shipments for PC monitors are expected to fall to 33 million from 34 million, he said.

Chi Mei"s shares were up 3.3 percent on Wednesday, compared with a 2.4 percent rise in Taiwan"s benchmark index. (Reporting by Fang Yan; Writing by Edmund Klamann; Editing by Jacqueline Wong)

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