Friday, October 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp To Produce New Backlight-free LCD Panel For Wearables
New Cameras Boost GoPro's Quarterly Profit
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming
YouTube Now Supports 60fps Videos
Samsung Brings Gear S to U.S. Next Week
Corsair Introduces Sabre RGB Mice For Gamers
Ubisoft's Assassin's Creed Unity Included with Purchase of Samsung UD590 Monitor or 850 PRO Series SSD
Apple's Tim Cook Declares His Sexual Orientation
Active Discussions
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Questions durability monitor LCD
 Home > News > General Computing > Taiwan ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 10, 2006
Taiwan LCD Firm Acquires Local Rival


Au Optoelectronics has agreed to acquire Quanta Display, the LCD division of the contract manufacturing giant, in a stock swap.

AU Optronics will buy local rival Quanta Display for $2.2 billion in stock, seeking to match the scale of South Korean competitors. AU Optronics is the world's third-biggest maker of liquid-crystal displays.

After the transaction, Quanta will hold about 6 percent of AU Optronics, making it the second-biggest shareholder after Benq, which holds 9 percent.

K.Y. Lee, Benq's chief executive, will remain chairman of AU Optronics after the acquisition, the statement said. The company will create a new position of vice chairman for Quanta Display's vice chairman, Liang Tsu-chen, it said.

LCD companies are seeking greater efficiency to profit from surging flat- panel television demand after screen prices tumbled 17 percent in the past year. The combined company would boast 18 percent of industry capacity, compared with 19 percent each for Samsung Electronics and LG.Philips LCD, based on figures from DisplaySearch, a U.S. research company.

K.Y. Lee, Benq's chief executive, will remain chairman of AU Optronics after the acquisition, the statement said. The company will create a new position of vice chairman for Quanta Display's vice chairman, Liang Tsu-chen, it said.

The two companies said that the deal could lead to further collaboration between the Quanta group and Acer subsidiaries or spin-offs such as BenQ, which makes consumer electronics.


Previous
Next
TDK Begins Shipping Its Blu-ray Media        All News        ATI Plans Its Own Southbridge in May
Toshiba Launches First Notebook PC with HD DVD-ROM Drive in Japan     General Computing News      Samsung and Sony Agree on New TFT LCD Panel Line

Get RSS feed Easy Print E-Mail this Message

Related News
New BenQ Projector Supports 5-GHz WHDI Technology
AUO Reveals 65-inch 4K IGZO TV Panel Technology
AU Optronics Fines With $500 Million For Price Fixing
Taiwan LCD Makers To Accelerate Shipments Of 4Kx2K Panels
Sony, AU Optronics To Reportedly Join Forces in OLED TVs
AU Optronics Found Guilty of Fixing LCD Prices
AUO and Idemitsu Form Alliance For OLED
BenQ to Showcase 3D-Ready Home Cinema Projectors, Mini Projectors, and Gaming Monitors at CES 2012
BenQ America Inks Deal With ASI
BenQ Showcases New Flagship Gaming Monitors
BenQ Debuts New Touchscreen Camera Series with LT100
Samsung Sues AU Optronics, Acer And Sanyo

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .