tft display manufacturers taiwan price
A wide variety of tft lcd display taiwan options are available to you, You can also choose from odm, tft lcd display taiwan,As well as from tft, ips, and standard.
ADI provide a complete line of products and services for our quality computer & PC peripherals, electronic & electrical components, including liquid crystal displays, commercial open frames, industrial open frames, LCD TV, LCD panels, thin client displays, LCD monitors, LCD module, LCD flat panel displays, LCD screens, LCD displays, TFT LCD displays, CRT displays, touch screen monitors etc. Obtained ISO 9001 & ISO 14001 certifications.
Manufacturer of car TFT monitors, car DVD player, portable DVD players, TFT LCD TV, digital TV, portable multimedia player and other related products. It was founded in 2001, and seriously carries out ISO9001 & ISO4000 quality management system to ensure good quality. The product widely covers America, Europe, Middle East, Africa, Southeast Asia and Chinese mainland, etc..
AU Optronics Corp. ( AUO) is Taiwan"s largest and a worldwide top 3 manufacturer of TFT LCD panels. AUO was formed in September 2001. In October 2006, AUO merged with Quanta Display Inc. to create a larger TFT-LCD manufacturer with more than 20% of the world"s large-sized TFT-LCD market. Additionally, the amassed production of company"s G6 reached worldwide top 1. Additionally, AUO is the first pure TFT-LCD manufacturer to successfully list at the NYSE. AUO is able to provide customers a full range of panel sizes and comprehensive applications, offering TFT-LCD panels in sizes ranging from 1.5 inches to greater than 65 inches. AUO generated NT$423 billion ( US $12.9 billion) in sales revenue in 2008 and now houses the staff of more than 38,000 employees throughout its global operations spreading...
Manufacturer of electronic & electrical components, computer & PC peripherals, including liquid crystal displays, LCDTV, LCD displays, TFT LCD TVs, LCD monitors, LCD screens, LCD displays, multifunction displays, electronic display devices, etc. Obtained ISO 9001 & ISO 14001 certifications.
HannStar Display Corporation ( "HannStar®") was established in June 1998. We are specialized in the manufacturing of TFT-LCD products and these main applications are in notebook computer displays and desktop computer monitors. At the beginning of our establishment, we have built up a clear operation concept, i.e., providing human beings with the most healthy visionary environment and dedicated to the R&D, manufacture and sales of low-radiation, low power consumption and compact & convenient TFT-LCD. HannStar now has one LCD fabrications and one LCM fabrication. Through technology transfer from Toshiba and Hitachi, HannStar acquired the state-of-the-art TFT-LCD manufacturing technology with the highest efficiency for mass production. Our customers include leading electronics companies...
Chi Mei Corporation established Chi Mei Optoelectronics (CMO) in 1998. Company shares began trading on the Taiwan Stock Exchange in August of 2002. Our main products are LCD TV panels and LCD panel displays for desktop and notebook computers, delivered to IT and home electronics vendors worldwide. CMO is a global industry leader in TFT- LCD manufacturing. In its perseverance to promote LCD TV and LCD panels in universal applications, CMO has earned the industry"s trust and respect as a first-rate manufacturer with world-class display technology. With production facilities are based in Southern Taiwan Science Park, we are currently operating one 3.5G, 4G, 5.5, 6G, and G7.5 plant each, as well as two 5G plants. Besides producing LCD panels for nearly every specification on the market, capacity...
Manufacturer of computer & PC peripherals, electronic & electrical components, including liquid crystal displays, LCD panels, LCD monitors, LCD modules, character LCD modules, TFT LCD, LCD displays, LCD TV, LCD monitor, TFT LCD panels, TFT LCD modules, etc. Products are exported to Europe, Mainland China, Brazil, South America, North America. OEM order are accepted.
Manufacturer of electronic & electrical components, computer & PC peripherals, including semiconductor material business divisions, engineering plastic materials, electronic machinery, LCD TV, TFT LCD panel, TFT LCD module, LCD monitor, LCD screens, liquid crystal displays, LCD display, LCD TV, light guiding plate, liquid crystal, OLED materials, pick-up heads, etc. Obtained ISO 9001:2000 certification.
Manufacturer of electrical & electronic parts, computer & PC peripherals, including liquid crystal displays, LCD panels, LCD monitors, character LCD modules, LCD displays, TFT LCD, LCD TV, PDP display, PDP TV, digital light processing projector, rear-projection TV, backlight modules, etc. Certificated by ISO 9001 & ISO 14001. OEM orders are welcome.
Manufacturer of electronic & electrical components, computers & PC peripherals, including liquid crystal displays, TFT LCD panels, TFT LCD modules, LCD monitors, LCD TV, TFT LCD monitors, LCD TV, color STN LCD, LCD flat panels monitors, graphic LCD modules, color monitors, etc. Obtained ISO 9001, ISO 14001, TL 9000 certifications.
Manufacturer of electronic, electrical parts & components, computers & PC peripherals, including LCD drives, control IC, video displays, commercial & IM products, TFT LCD mobile phone drivers, TFT LCD source drivers, TFT LCD gate drivers, LCD monitor controllers, USB keyboard controllers, dual-channel flat panels TV controllers, LVDS transmitters, etc. Obtained ISO 9001 certification.
Manufacturer of electrical, electronic parts & components, computer & PC peripherals, including TN LCD panel & modules, PLED modules & panels, TFT LCD panels & modules, STN LCD panels & modules, rear projection TV, multimedia projectors, desktop computers, notebook computers, driver IC, control IC, LCD drivers, printers, digital photographs, home entertainments, scanners, personal photo labs, etc.
Manufacturers of electronic, gift items, giftware, include novelty, China ( Chinese) gifts, digital photo frame, digital picture frames, LCD digital photo frames, LCD digital photo picture frames, promotional premiums, digital photo frames and albums, TFT LCD advertising displayers, multimedia TV. OEM & ODM are welcomed.
Established in 1971, Delta Group is the world"s largest provider of switching power supplies and brushless fans. As a global leader in power electronics. Our mission is- To provide innovative energy-saving products for a better quality of life. Our design process is based on Product Life Cycle Management (PLM) providing a stringent and accelerated design cycle while ensuring product quality and reliability. Our manufacturing facilities are ISO-9001 and ISO-14001 certified, and all share common quality and measurement systems. In recent years we have developed high-density and high-efficiency telecommunication power systems, UPS ( uninterruptible power supply) with advanced interfaces, computer networking components and products with high software content, microdisplay PTVs, and many others....
CPT being the pioneer of TFT-LCD mass production technology leads in the domestic industry with the most complete product lines- (1) TFT products: TFT LCD display & monitor, TFT LCD TVs. (2) CRT products: color picture tubes, monochrome display tubes, projection tubes. We plan to build an LCD module ( LCM) plant in Xiamen, China.
K-Bridge Electronics has three primary manufacturing divisions- (1) LCD Monitor Division: design LCDs, auto ( car, vehicle) audio and video systems, TFT LCD, touch LCD computers, large LCDs, intelligent LCD TVs for cars and intelligent liquid crystal AD machines. (2) Backlight Division: Backlight Module, LCD Backlight, LCD Backlight Module. (3) PCB Division: OEM production for double sided & multi-layers printed current board.
STARVF Optical and Electronic Technology Co., Ltd is a modern enterprise advocating combination of technology and human culture. Boasting abundant capital, advanced equipments and sound management, we have been long devoting to the development and distribution of video-information products, with the main of which are LCD monitors, LCD TVs, all-in-one pc desktop and other portable digital products. Our core is innovation and creativity in new technology. We have a group of excellent engineers who have been endeavoring in LCD field for years and have been command of many important ODM projects from home and abroad. Relying on their many-year experience, the advantages in technology and their relationship with the foreign enterprises, they are doing their best to develop LCD displaying application...
Manufacturer of TV lartern, B/W series, mini color TV, portable DVD, TFT LCD televison, car LCD TFT monitor, digital photo frame, security monitor. Its products have been passed almost all safety/quality certifications in the world, like UL, GS, CE, FCC, FDA, etc. Besides, the company is also a ISO9001:2000-approved enterprise.
Manufacturer of bluetooth mirror hands free car kits, TFT LCD TVs, LCD monitors, speakers, headphones, SD cards. It was established in 1988. All its products are reliably compliant with CE, FCC, UL and CB standards.
Manufacturer of touch screem monitor, touch screen monitors, car TFT LCD monitors/ Tv, portable AV products, car DVD players and other Mutil-Media electronical products. The company was ISO-9000 certified.
Manufacturer of touch screen monitor, touch screen monitors, multi touch screen, multi touch screens, TFT LCD monitors, TVs. It can provide OEM/ODM service.
Manufacturer & exporter of mobile audio-visual products. Base on our R&D department, we develop many kinds of new products such as VGA TFT LCD touchscreen monitors, car PCs & media players, VGA TFT LCD touch monitors, in-car TFT LCD TV monitors, rearview mirror TFT LCD monitors, digital picture frames, IP network cameras, video cameras, waterproof color CMOS cameras & DVB-T. We have more than 5 yeares experience in OEM of VGA Touch screen TFT LCD monitor and car PC for worldwide customers. Moving steadfastly forward, we can assure you of our high quality outputs. Neway welcomes companies to join forces in pursuit of business opportunities and form win-win partnerships.
Manufacturer of touchscreen VGA monitors, stand alone wide screen touchscreen VGA monitors, desktop/wall-mount TFT-LCD touchscreen VGA monitors, stand-alone TFT-LCD touchscreen VGA monitors, digital photo frames, touchscreen GPS systems, TFT LCD small TVs, oscillographs, TFT LCD monitors, wide screen headrest/stand-alone TFT-LCD monitors, photo browsing with music background.
Manufacturer of LCD flat screen TVs, LCD displays, LCD TV PC monitors, LCD TVs, LCD Monitors, TFT LCD, shoes, case & bags, festival lights, LCD and ceramic & porcelain products.
Manufacturer of open frame touch monitor, open frame touch monitors, TFT LCD monitors, TV, digital LCD AD players, monitor brackets, waterproof cameras.
Manufacturer of miniIP platform, hot IP, memory IPs, ethernet controller, memory compiler architecture, memory compiler, physical library, media composer, audio platform, TFT LCD platform. Receivied by ISO 9001 certification.
With a strong R&D team, Apex designs the product developments for its entire Opto-Electronics Department, from components, modules, to systems in 2000. Apex focuses on three main fields: infrared products, visible-light LED products, application module, LCD modules, TFT LCD display module, color STN module, LED lighting modules etc. Obtained ISO 9001 Quality Approval in 2002.
Powertip has grown to become a leading manufacturer of small to mid-size full color TFT and monochrome displays as well as resistive and capacitive touch panels. Powertip is headquartered in Taichung, Taiwan with production facilities located in Taiwan and Nanjing, China. Powertip’s product offerings address major industries to include medical, industrial, automotive, consumer, white goods, communications, test and measurement and gas pumps / parking meters.
WASHINGTON – A Thin-Film Transistor-Liquid Crystal Display (TFT-LCD) producer and seller has agreed to plead guilty and pay $220 million in criminal fines for its role in a conspiracy to fix prices in the sale of liquid crystal display panels, the Department of Justice announced today.
According to a one-count felony charge filed today in U.S. District Court in San Francisco, Chi Mei Optoelectronics participated in a conspiracy to fix the prices of TFT-LCD panels sold worldwide from Sept. 14, 2001, to Dec. 1, 2006. According to the plea agreement, which is subject to court approval, Chi Mei has agreed to cooperate with the department’s ongoing antitrust investigation.
TFT-LCD panels are used in computer monitors and notebooks, televisions, mobile phones and other electronic devices. By the end of the conspiracy period, the worldwide market for TFT-LCD panels was valued at $70 billion. Companies directly affected by the LCD price-fixing conspiracy are some of the largest computer and television manufacturers in the world, including Apple, Dell and HP.
According to the charge, Chi Mei carried out the conspiracy by agreeing during meetings, conversations and communications to charge prices of TFT-LCD panels at certain pre-determined levels and issuing price quotations in accordance with the agreements reached. As a part of the conspiracy, Chi Mei exchanged information on sales of TFT-LCD panels for the purpose of monitoring and enforcing adherence to the agreed-upon prices.
Chi Mei, which is based in Tainan, Taiwan, is charged with price fixing in violation of the Sherman Act. Each violation carries a maximum fine of $100 million for corporations. The maximum fine may be increased to twice the gain derived from the crime or twice the loss suffered by the victims of the crime, if either of those amounts is greater than the statutory maximum fine.
Anyone with information concerning illegal conduct in the TFT-LCD industry is urged to call the Antitrust Division’s San Francisco Field Office at 415-436-6660.
LCD manufacturers are mainly located in China, Taiwan, Korea, Japan. Almost all the lcd or TFT manufacturers have built or moved their lcd plants to China on the past decades. Top TFT lcd and oled display manufactuers including BOE, COST, Tianma, IVO from China mainland, and Innolux, AUO from Tianwan, but they have established factories in China mainland as well, and other small-middium sizes lcd manufacturers in China.
China flat display revenue has reached to Sixty billion US Dollars from 2020. there are 35 tft lcd lines (higher than 6 generation lines) in China,China is the best place for seeking the lcd manufacturers.
The first half of 2021, BOE revenue has been reached to twenty billion US dollars, increased more than 90% than thesame time of 2020, the main revenue is from TFT LCD, AMoled. BOE flexible amoled screens" output have been reach to 25KK pcs at the first half of 2021.the new display group Micro LED revenue has been increased to 0.25% of the total revenue as well.
Established in 1993 BOE Technology Group Co. Ltd. is the top1 tft lcd manufacturers in China, headquarter in Beijing, China, BOE has 4 lines of G6 AMOLED production lines that can make flexible OLED, BOE is the authorized screen supplier of Apple, Huawei, Xiaomi, etc,the first G10.5 TFT line is made in BOE.BOE main products is in large sizes of tft lcd panel,the maximum lcd sizes what BOE made is up to 110 inch tft panel, 8k resolution. BOE is the bigger supplier for flexible AM OLED in China.
As the market forecast of 2022, iPhone OLED purchasing quantity would reach 223 million pcs, more 40 million than 2021, the main suppliers of iPhone OLED screen are from Samsung display (61%), LG display (25%), BOE (14%). Samsung also plan to purchase 3.5 million pcs AMOLED screen from BOE for their Galaxy"s screen in 2022.
Technology Co., Ltd), established in 2009. CSOT is the company from TCL, CSOT has eight tft LCD panel plants, four tft lcd modules plants in Shenzhen, Wuhan, Huizhou, Suzhou, Guangzhou and in India. CSOTproviding panels and modules for TV and mobile
three decades.Tianma is the leader of small to medium size displays in technologyin China. Tianma have the tft panel factories in Shenzhen, Shanhai, Chendu, Xiamen city, Tianma"s Shenzhen factory could make the monochrome lcd panel and LCD module, TFT LCD module, TFT touch screen module. Tianma is top 1 manufactures in Automotive display screen and LTPS TFT panel.
Tianma and BOE are the top grade lcd manufacturers in China, because they are big lcd manufacturers, their minimum order quantity would be reached 30k pcs MOQ for small sizes lcd panel. price is also top grade, it might be more expensive 50%~80% than the market price.
Panda electronics is established in 1936, located in Nanjing, Jiangshu, China. Panda has a G6 and G8.6 TFT panel lines (bought from Sharp). The TFT panel technologies are mainly from Sharp, but its technology is not compliance to the other tft panels from other tft manufactures, it lead to the capacity efficiency is lower than other tft panel manufacturers. the latest news in 2022, Panda might be bougt to BOE in this year.
Established in 2005, IVO is located in Kunsan,Jiangshu province, China, IVO have more than 3000 employee, 400 R&D employee, IVO have a G-5 tft panel production line, IVO products are including tft panel for notebook, automotive display, smart phone screen. 60% of IVO tft panel is for notebook application (TOP 6 in the worldwide), 23% for smart phone, 11% for automotive.
Besides the lcd manufacturers from China mainland,inGreater China region,there are other lcd manufacturers in Taiwan,even they started from Taiwan, they all have built the lcd plants in China mainland as well,let"s see the lcd manufacturers in Taiwan:
Innolux"s 14 plants in Taiwan possess a complete range of 3.5G, 4G, 4.5G, 5G, 6G, 7.5G, and 8.5G-8.6G production line in Taiwan and China mainland, offering a full range of large/medium/small LCD panels and touch-control screens.including 4K2K ultra-high resolution, 3D naked eye, IGZO, LTPS, AMOLED, OLED, and touch-control solutions,full range of TFT LCD panel modules and touch panels, including TV panels, desktop monitors, notebook computer panels, small and medium-sized panels, and medical and automotive panels.
AUO is the tft lcd panel manufacturers in Taiwan,AUO has the lcd factories in Tianma and China mainland,AUOOffer the full range of display products with industry-leading display technology,such as 8K4K resolution TFT lcd panel, wide color gamut, high dynamic range, mini LED backlight, ultra high refresh rate, ultra high brightness and low power consumption. AUO is also actively developing curved, super slim, bezel-less, extreme narrow bezel and free-form technologies that boast aesthetic beauty in terms of design.Micro LED, flexible and foldable AMOLED, and fingerprint sensing technologies were also developed for people to enjoy a new smart living experience.
Hannstar was found in 1998 in Taiwan, Hannstar display hasG5.3 TFT-LCD factory in Tainan and the Nanjing LCM/Touch factories, providing various products and focus on the vertical integration of industrial resources, creating new products for future applications and business models.
driver, backlight etc ,then make it to tft lcd module. so its price is also more expensive than many other lcd module manufacturers in China mainland.
Maclight is a China based display company, located in Shenzhen, China. ISO9001 certified, as a company that more than 10 years working experiences in display, Maclight has the good relationship with top tft panel manufacturers, it guarantee that we could provide a long term stable supply in our products, we commit our products with reliable quality and competitive prices.
Maclight products included monochrome lcd, TFT lcd module and OLED display, touch screen module, Maclight is special in custom lcd display, Sunlight readable tft lcd module, tft lcd with capacitive touch screen. Maclight is the leader of round lcd display. Maclight is also the long term supplier for many lcd companies in USA and Europe.
If you want tobuy lcd moduleorbuy tft screenfrom China with good quality and competitive price, Maclight would be a best choice for your glowing business.
The new line of 3.5” TFT displays with IPS technology is now available! Three touchscreen options are available: capacitive, resistive, or without a touchscreen.
For over 20 years Newhaven Display has been one of the most trusted suppliers in the digital display industry. We’ve earned this reputation by providing top quality products, services, and custom design solutions to customers worldwide.
Our company specializes in developing solutions that arerenowned across the globe and meet expectations of the most demanding customers. Orient Display can boast incredibly fast order processing - usually it takes us only 4-5 weeks to produce LCD panels and we do our best to deliver your custom display modules, touch screens or TFT and IPS LCD displays within 5-8 weeks. Thanks to being in the business for such a noteworthy period of time, experts working at our display store have gained valuable experience in the automotive, appliances, industrial, marine, medical and consumer electronics industries. We’ve been able to create top-notch, specialized factories that allow us to manufacture quality custom display solutions at attractive prices. Our products comply with standards such as ISO 9001, ISO 14001, QC 080000, ISO/TS 16949 and PPM Process Control. All of this makes us the finest display manufacturer in the market.
Without a shadow of a doubt, Orient Display stands out from other custom display manufacturers. Why? Because we employ 3600 specialists, includingmore than 720 engineers that constantly research available solutions in order to refine strategies that allow us to keep up with the latest technologiesand manufacture the finest displays showing our innovative and creative approach. We continuously strive to improve our skills and stay up to date with the changing world of displays so that we can provide our customers with supreme, cutting-edge solutions that make their lives easier and more enjoyable.
Customer service is another element we are particularly proud of. To facilitate the pre-production and product development process, thousands of standard solutions are stored in our warehouses. This ensures efficient order realization which is a recipe to win the hearts of customers who chose Orient Display. We always go to great lengths to respond to any inquiries and questions in less than 24 hours which proves that we treat buyers with due respect.
Choosing services offered by Orient Display equals a fair, side-by-side cooperation between the customer and our specialists. In each and every project, we strive to develop the most appropriate concepts and prototypes that allow us to seamlessly deliver satisfactory end-products. Forget about irritating employee turnover - with us, you will always work with a prepared expert informed about your needs.
In a nutshell, Orient Display means 18% of global market share for automotive touch screen displays, emphasis on innovation, flexibility and customer satisfaction.Don"t wait and see for yourself that the game is worth the candle!
Established in 1998, Winstar Display Co., Ltd. is a reliable LCD Display Module Manufacturer and LCD Panel Supplier. Winstar has development of high-quality display module products. We operate worldwide, configure, service products, and also provide logistics support to deliver products and services competitively. We provide LCM Modules including monochrome TN/STN/FSTN LCM, COG LCD, TFT LCM / TFT panels, FSC-LCD, graphic LCM, character LCD displays, OLED display modules (PMOLED), custom LCD displays, OLED and LCD panel.
Winstar is a global leading Manufacturer of TFT LCD display based in Taiwan and China. Winstar offers a wide product range of small to medium sizes TFT display modules in sizes ranging such as 2.4″ TFT LCD, 2.8″ TFT LCD, 3.2″ TFT LCD, 3.5″ TFT Display, 4.3 inch TFT LCD, 5 TFT LCD, 5.6 TFT LCD, 5.7 inch Display, 7 ” TFT LCD, 8″ TFT, 9″ TFT, 10.1″ TFT LCD, 10.2″ TFT LCD, 12.1″ TFT LCD , 12.3″ TFT LCD (diagonal size of the active area) and so on . There are more than 200 TFT standard models listed on this website; furthermore, almost each item is acceptable to derivate from the standard items to meet the customers’ requirement.Winstar TFT displays are qualified under industrial standard including standard TFT-LCD modules, IPS TFT, High brightness TFT LCD (sunlight readable display), TFT panels with controller boards, Bar Type TFT, Wide Temperature TFT LCD, Winstar Clever System TFT and Touch screen display. These displays include landscape or portrait modes. Winstar has Mono TFT displays and full color TFTs in line, these displays are available in various resolutions as well as touch screen optional in resistive and projected capacitive (PCAP touch screen) technology. Many of our TFT display modules have more than one interface available including MCU, RGB, TTL, LVDS and MIPI DSI. Winstar TFT modules are perfect for a number of applications including industrial control, coffee machine, medical equipment, POS system, automation, GPS navigator, white goods, energy control, telecoms, medical equipment and etc.
Kaohsiung, Taiwan, 2 June 2021. Industrial LCD manufacturer KOE (Kaohsiung Opto-Electronics) have announced the introduction of a new high performance 6.2-inch TFT display module. The TX16D206VM0BAA TFT display features HVGA resolution (640 x 240 pix..
We have thousands of standard products that are in stock and available from our Seattle, WA and Hong Kong warehouses to support fast product development and preproduction without MOQ. The stock covers TN, STN LCD display panels, COB, COG character LCD display, graphic LCD display, PMOLED, AMOLED display, TFT display, IPS display, high brightness and transflective, blanview sunlight readable display, super high contrast ratio display, lightning fast response displays, efficient low power consumption display, extreme temperature range display, HMI display, HDMI display, Raspberry Pi Display, Arduino display, embedded display, capacitive touch screen, LED backlight etc. Customers can easily purchase samples directly from our website to avoid time delays with setting up accounts and credit terms and shipping within 24 hours.
Many of our customers require customized OEM display solutions. With over two decades of experience, we apply our understanding of available display solutions to meet our customer’s requirements and assist from project concept to mass production. Using your ideas and requirements as a foundation, we work side by side with you to develop ideas/concepts into drawings, build prototypes and to final production seamlessly. In order to meet the fast changing world, we can provide the fastest turnaround in the industry, it takes only 3-4 weeks to produce LCD panels samples and 4-6 weeks for LCD display module, TFT LCD, IPS LCD display, and touch screen samples. The production time is only 4-5 weeks for LCD panels and 5-8 weeks for LCD display module, TFT LCD, IPS LCD display, and touch screen.
Pre-empting what they hope will be a turnaround in panel prices, Taiwan"s capex intensive TFT-LCD producers have been re-laying plans to finance their 5G fabs through the international equity markets. Chi Mei Optoelectronics, Quanta Display and Hannstar Display are all hoping to launch deals straddling Chinese New Year, while Tatung will add to the wash of paper coming to market with an exchangeable into Chunghwa Picture Tubes (CPT).
Similar to concerns aired in early 2002, many are already starting to wonder whether the market will be able to absorb all these prospective transactions and indeed, whether it is ready to accept any of them given the lack of visibility over signs the sector is actually turning. According to Taiwan"s Photonics Industry and Development Association (PIDA), Taiwanese TFT-LCD companies spent $6.09 billion in capex last year, much of which ended up being financed through the domestic syndicated loan market after panel prices, shortly followed by stock prices, started tanking in late spring.
However, conscious of a pressing need to get funding in place and aware that domestic equity and credit demand is being sated, producers appear to have concluded they have little choice but accept the pricing realities of the international market. Consequently, terms for Quanta Display"s $180 million convertible are said to be cheap even in comparison to convertibles for CPT and Powerchip priced at the end of 2002. Lehman Brothers holds the mandate for Quanta Display"s deal, which has been filed, but is awaiting approval from Taiwan"s SFC. UBS Warburg also holds a mandate for a 410 million new share GDR issue, which would raise $170 million based on Friday"s closing price of NT$14.3. Some market observers believe the Quanta Display CB may come as early as next week, if it not is superceded by a $150 million convertible for Wan Hai Lines led by Morgan Stanley, which is also awaiting SFC approval. Other bankers, however, say it will probably not launch until just after Chinese New Year.
Because Quanta Display was loss making during 2002, its offering has to have a zero yield structure and filed terms comprise a five-year maturity, with a zero coupon and puts at par in years one, two and three. The conversion premium has a 14% to 19% range and there is also a re-fix with an 80% floor after six months and then every 12 month anniversary.
These terms are similar to those achieved by Powerchip, which priced a $90 million convertible via Nomura in December, with a 14% conversion premium and zero coupon, annual puttable structure. To appease investors, Powerchip also had to incorporate special compulsory re-sets one month before each put date. These have not been included in Quanta"s deal, although bankers estimate that the latter"s equity option will be much cheaper because Lehman is providing a degree of credit subsidy, aided by Chinatrust as co-lead. Thus whereas, Powerchip had a bond floor of 92.5% based on a credit spread of 600bp over Libor, Quanta Display has been calculated around the 95% mark, based on a credit spread of 300bp over Libor. Back in November, CPT was marketed at 400bp over.
Largely because of its parentage (Quanta and Sharp Computer), bankers say Quanta Display"s credit profile is relatively strong. The company is hoping to begin production on its 5G line in the second quarter, but is still predicting an overall loss for the 2003 calendar year. At the beginning of the month, it forecasted shipping 5.46 million panels during 2003, of which 1.42 million will come from the 5G plant.
Of Taiwan"s five TFT-LCD producers, Quanta Display is currently the smallest, having produced 2.34 million panels during 2002 compared to Hannstar"s 3.96 million, Chunghwa Picture Tubes 4.89 million, Chi Mei Optoelectronics 4.95 million and AU Optronics 8.2 million.
Quanta"s deal seems likely to be followed by an exchangeable for Tatung into CPT led by ING. Filed terms comprise a maximum issue size of $105 million, with a three-year final maturity and zero coupon structure. The exchange premium has a range of 5% to 20% and unusually for recent Taiwanese deals, it will also be credit enhanced via a Letter of Credit backed by Aa2/AA- rated ING. Tatung owns 30% of the CPT and has said it is hoping to use proceeds from the sale to fund component purchases.
To minimize execution risk, it is now said to be contemplating an accelerated marketing period for the ADR. This means that if an analysts" meeting is called as expected next week, pre-marketing will start immediately after Chinese New Year. If successful, Chi Mei will become the second global TFT-LCD producer to achieve a New York Stock Exchange listing. Late last May, AU Optronics became the first from the sector with a $578.5 million deal led by Salomon Smith Barney.
In its favour, the industry"s specialist market research firm, DisplaySearch, is predicting strong growth in the global LCD TV market during 2003. With 17" panel prices falling and production booming, it says end product prices will also fall fuelling consumer demand. It is consequently predicting growth of 182% during 2003 compared to 113% in 2002. From 338,000 during the third quarter of 2002, it predicts that demand will hit two million by the fourth quarter of 2004.
All Shore Industries has been supplying a broad range of standard and custom wall plug-in and desktop power supplies and battery chargers at its modern ISO certified facilities in Taiwan and China for over forty years. Our mix of switching power supplies including wall plug-ins (aka "wall warts"), desktop and open frame are available in various wattages and voltages. All are offered with inputs for American, European, and other international standards, and a variety of standard input and output plugs as well as customized output plugs, when requested. Each item has the appropriate certification(s) for the countries they are approved for use in.