Fri, Sep 02, 2011 - Page 12 News List

Chairman’s death will not affect work, Raydium says

Staff Writer, with CNA

Taiwan’s integrated circuit (IC) provider Raydium Semiconductor Corp (瑞鼎科技) said yesterday that its operations would not be affected by its chairman’s death.

Raydium chairman Bishop Chen (陳榮宏) died in a paragliding accidenton Wednesday in the mountains of Yilan County. He is said to have plunged to the ground after flying for 50m from a launch site at about 3:30pm.

The 53-year-old allegedly became detached from his paraglider before falling to his death when a security buckle at his crotch broke loose. After the accident, Chen was rushed to a local hospital where doctors performed five hours of emergency treatment in an effort to save his life, but they were unable to revive him.

The hospital said Chen suffered from heavy bleeding, a severe lung injury because of broken ribs and a chest injury. He was in a coma when he arrived at the hospital.

Raydium, an AU Optronics Corp (AUO, 友達光電) affiliate, said in a statement yesterday that the company would maintain normal operations and its board of directors would soon elect a new chairman to succeed Chen.

Under the leadership of Chen, Raydium had earned more than its registered capital for four consecutive years. During the first half of the year, the company’s net profit was NT$422 million (US$14.58 million), down almost 50 percent from the same period last year. However, its earnings per share still reached NT$6.50, the highest among all listed IC providers in Taiwan.

Raydium shares fell 1.25 percent yesterday to close at NT$79 on the Taiwan Stock Exchange.

Separately, AUO, the world’s No. 4 LCD panel maker, said on Wednesday that it would split its display operation into three business groups, effective yesterday.

This arrangement divides AUO’s display business operation into video solutions, mobile solutions and touch solutions, AUO said.

The Video Solutions Business Group will be led by vice president Michael Tsai (蔡國新), Mobile Solutions Business Group by vice president T.K. Wu (吳大剛), and Touch Solutions Business Group by vice president Fred Hsieh (謝世枋).

AUO also announced the establishment of the Executive Strategic Planning Division, led by associate vice president Frank Ko (柯富仁), to develop long-term strategies.

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