Chi Mei Optoelectronics (CMO) is the second largest LCD manufacturer in Taiwan and just announced that its November LCD fab utilization rate dropped to below 60%. Normal levels are high 80s. CMO is only taking orders with price quotes that are above its manufacturing cash cost levels. Jau-Yang Ho, President of CMO, indicated that the [...]

Chi Mei Optoelectronics (CMO), the second largest LCD manufacturer in Taiwan after AU Optronics (AUO), announced on November 19, 2008 that it has decided to delay its G8.5 LCD fabrication plant construction. One of the main reasons is to concerve cash while the other possible reason might be that 2009 might not be a good [...]

Chi Mei Optoelectronics (CMO), Taiwan’s second largest LCD manufacturer barely behind AU Optronics (AUO), will be unveiling a lot of new LCD panel technologies at the FPD International 2008 show in Japan. Here is the list:

240Hz: Twice as fast as 120Hz and with motion interpolation you can add 3 extra frames to make motion picture [...]

The title says it all. Although September unit shipments for Chi Mei Optoelectronics (CMO) of large-area (10″ and larger) TFT LCD panels were up 12.4% M/M and 30.9% Y/Y to 6.708 million, the Q3′08 results were weak. Q3′08 shipments results were down 6.1% Q/Q but up 24% Y/Y to 17.5 million.
L/A TFT LCD Panel Shipments
September: [...]

AU Optronics (AUO) is the largest LCD manufacturer in Taiwan and one of the largest in the world. Chi Mei Optoelectronics (CMO) is the second largest Taiwan-based LCD manufacturer. It has been reported by DigiTimes that AUO and CMO’s G7.5 TFT LCD fabrication plants are running at full speed. But.
South Korea’s LG Display, one of [...]

I am very tempted to simply shout out, “I told you so!” But, I won’t do that because I think Corning still doesn’t get it. Get this: “Corning said LCD TV sales remain strong in the U.S. as prices decline. But flat-panel electronics companies in Asia are cutting back on glass orders to work off [...]

July shipment results for Taiwan LCD manufacturers were weaker than expected. The top two LCD makers, AU Optronics (AUO) and Chi Mei Optoelectronics (CMO) originally planned to reduce LCD fab utilization rates by about 10% and at most by 15%. With shipment results poorer than expected due to weak demand, AUO and CMO are planning [...]

Chi Mei Optoelectronics (CMO) reported its unaudited Q2′08 earnings results on July 31, 2008. The results are more positive than expected. Here are the details:

Net Sales (Revenue): Up 3.7% Q/Q to NT$95,489 million
Gross Profit: Down 7.8% Q/Q to NT$21,228 million
Operating Income: Down 14.1% Q/Q to NT$15,255 million
Net Income: Down 10.2% Q/Q to NT$13,740 million
Large-Area LCD [...]

Of course, Corning isn’t completely clueless, but according to some statements made by CFO Jim Flaws and CEO Wendell Weeks, Corning doesn’t seem to be taking into consideration current developments in the LCD supply chain when forecasting the rest of the year for LCD glass demand. Flaws was quite positive in his outlook for the [...]

Chunghwa Picture Tubes (CPT), the third largest LCD manufacturer in Taiwan, announced that it has decreased its large-area LCD shipment forecasts for 2008 by 6%. The reduction in its goal for the year is in response to weaker-than-expected demand for LCD panels. Here is the breakdown by large-area LCD application:

LCD Monitor Panels: Original goal [...]