Hon Hai share Chi Mei Samsung LG encroaching tide lifting the LCD panel integrat
Face
LG
Samsung launched in China the high-generation liquid crystal panel (LCD) production line surge, China Taiwan LCD industry can not relax naturally. Last Saturday, foundry giant Hon Hai Group, Innolux-stock merger of Taiwan's Chi Mei's second-largest LCD panel company, the combined company changed its name to "Chi Mei
Electronic
. "Hon Hai Gou head of release rhetoric, said the new CMO to win Taiwan's first, and in the next three years, among the world's top three panel makers to challenge South Korea's Samsung, LG and other manufacturers.
Gou emphasized that after the merger the new CMO will build plant in China, as Hon Hai in the Mainland has a complete industrial chain, hopes the Taiwan government will open the relevant restrictions as soon as possible. Clearly, high growth in the Mainland market is the key to Hon Hai LCD dominance.
New Chi Mei
promoted the world's third panel manufacturers
As Samsung, LG, AUO,
Sharp
And other giants have invested heavily in building the LCD 8 generation, 8.5 generation, 10 on behalf of the line, the global LCD panel industry entered a new round of expansion. While expansion in the industry, the pursuit of economies of scale of industry consolidation has been accelerating. Recent years, Taiwan's flat panel industry has begun a new round of restructuring.
Two weeks ago, the group has just announced the acquisition of innovative low-temperature polysilicon panel factory TPO, two weeks after it bought the Chi Mei. Chi Mei is the second-largest LCD panel makers in Taiwan (the largest is AU Optronics), and the group is good at innovation LCD system integration. Innolux itself is very broad customer base, and the much larger group of creators behind Hon Hai. Gou said the main purpose of merging the two companies to further enhance the
LCD TV
Panel capacity.
Under the agreement, the Chi Mei Group to 2.05 common shares for 1 share of common stock create a way to merge, the merger plan will be May 1, 2010 completion, the merged Chi Mei, AU Optronics will transcend into in Taiwan's largest LCD panel manufacturers. Its production capacity in the global market share up to 18%, higher than 2% of Friends. Currently the world's first and second panel makers were Samsung Electronics and LGDisplay, Taiwan's AU Optronics and Chi Mei Optoelectronics then puts it in second, while the wounds and the CMO in the group after the merger, will be enhanced in the global panel industry competitiveness.
"One plus one least five of the effect?"
Gou that Chi Mei and group creative merger, will play a "one plus one is at least five of the effect." And in Taiwan there are two competitors of similar scale, is more benign and healthy environment. "Japan will withdraw from the competition panel industry ranks, then left Taiwan and South Korea four companies into the finals, as who can ultimately win? Taiwan must be one."
However, AUO will not sit idly by Hon Hai their first snatched the throne. Taiwan LCD panel of another enterprise Huaying Gong Lin Wei-shan, chairman of the Division has revealed that AUO CPT has been approached to discuss further cooperation. Lin Wei-shan said: "whether to cooperate with the AU Optronics also think there should be a solution; on the integration of optimistic about." Obviously, if this cooperation finalized, the new panel two camps, competition will become more intense. Taiwan panel makers appear to face Japan, Korea and strong competition, mergers and to achieve the fast integration of the bigger, seems to have become an important way of life.
Hon Hai to step up the mainland market
LCD layout
The two companies signing ceremony, Terry Gou said the merged company's future will certainly build factories in China, as Hon Hai in the Mainland has a complete industrial chain, hopes the Taiwan government will open the relevant restrictions as soon as possible.
The purpose of M & Chi Mei
Hon Hai is true intention to step up the layout of the Chinese mainland market. CSC fund manager confocal that Innolux mainly in LCD monitor manufacturing, through mergers and acquisitions CMO, products can be extended to notebook PCs, LCD TVs.
Purchasing from the panel that the Chinese mainland panel purchases nearly 2 percent global market share, annual growth rate of up to 100%.
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