From the category archives:

Chi Mei Optoelectronics

Chi Mei Optoelectronics Agree to Pay Fine for LCD Price Fixing

December 11, 2009

Chi Mei Optoelectronics (CMO) announced on December 10, 2009 that the company has entered into a plea agreement with the U.S. Department of Justice (DOJ) to resolve LCD price-fixing allegations. CMO will pay a fine of US$220 million in installments over a period of five years. The company will also cooperate with the DOJ with [...]

Chi Mei Optoelectronics November 2009 Results

December 9, 2009

On December 8, 2009 Chi Mei Optoelectronics (CMO) announced November 2009 TFT LCD results. TFT-LCD related revenues for the month of November increased 8.7% M/M and 144.2% Y/Y to NT$29.9 billion. CMO’s large-sized LCD panel shipments increased 5.2% M/M and 108.6% Y/Y to 7.1 million units. Small/medium LCD panel shipments decreased 25.2% M/M but increased [...]

Samsung Procure 10-12 Million LCD TV Panels from Taiwan

December 7, 2009

Samsung LCD TV panel procurement from Taiwan-based LCD suppliers is expected to reach 10-12M units in 2009. Chi Mei Optoelectronics (CMO) supplies the most to Samsung. About 40% of Samsung’s 25-26 million LCD TVs sold in 2009 will be from Taiwan. The trend is expected to continue. So, what does this mean? When you are [...]

Chi Mei Optoelectronics (CMO) and Innolux to Merge

November 16, 2009

Merge Chi Mei Optoelectronics (CMO) and Innolux will merge and form Taiwan’s largest LCD manufacturing company, displacing AU Optronics (AUO) from the top. Innolux is a subsidiary of Foxconn Electronics, the marketing name for Hon Hai Precision Industry.
Competitive Advantage CMO will receive one Innolux share for every 2.05 shares of CMO common stock. The merger [...]

Large-Area TFT LCD Shipments Increase 2% M/M in September

October 26, 2009

Oversupply? According to DisplaySearch, September 2009 large-area TFT LCD panel shipments increased 2% M/M and 25% Y/Y to 52M units and setting a new monthly record. Revenues increased 6% M/M and 15% Y/Y to US$6.8 billion. LCD monitor panel shipments declined 8% M/M but increased 2% Y/Y to 16.8M units while LCD TV panel shipments [...]

Chi Mei Optoelectronics (CMO) Third Quarter Revenues Up 27%

October 26, 2009

Chi Mei Optoelectronics (CMO) announced third quarter results on October 26, 2009. Net sales for TFT LCDs increased 27.3% Q/Q to NT$89,439 million. Gross margin was 12.4%, a substantial improvement over -3.5% in the second quarter. Operating margin in Q3′09 was 7.4%, a reversal of fortunes from -10.6% in Q2′09. Net income turned positive to [...]

Chi Mei Optoelectronics (CMO) Revenues Drop in September

October 8, 2009

Revenue Down Units Up Chi Mei Optoelectronics (CMO) reported TFT LCD panel September revenues of NT$30.2 billion (about US$940 million), down 1.5% M/M and 0.2% Y/Y. CMO’s large-area TFT LCD panels increased 0.9% M/M and 9.19% Y/Y to approximately 7.3 million units. Small/medium LCD shipments also increased 9.9% M/M and 29.4% Y/Y to 16.1 million [...]