Wed, Nov 27, 2013 - Page 14 News List

Taiwan Business Quick Take

Staff writer

PANELS

LCD panelmaker revenue fell

Revenue from the world’s major LCD panelmakers declined 19 percent to US$6.9 billion last month, from US$8.6 billion in the same period of last year, market researcher NPD DisplaySearch’s latest report showed yesterday. That represented a less than 1 percent decline from September’s US$7 billion, the research house said. South Korea’s LG Display Co posted US$2.16 billion in revenue for last month, making it the top LCD panel maker in the world, according to NPD DisplaySearch. Samsung came next with US$1.29 billion in revenue. AU Optronics Corp (友達光電) grabbed No. 3 position by making US$1.15 billion in revenue. Meanwhile, Innolux Corp (群創光電) ranked No.5 with revenue of US$938 million.

CHIPMAKERS

LED chipmaker seeks buyer

LED chipmaker Chi Mei Lighting Technology Corp’s (奇力光電) said it was seeking to sell two plants to repay bank loans after it suspended its operation in August, according to a filing to the Taiwan Stock Exchange on Monday. Chi Mei Lighting owes NT$5.64 billion in loans to local lenders. The company is now under a court’s receivership after all its managers and board members quit their jobs. Chi Mei Lighting’s biggest shareholder, Innolux Corp (群創光電), said it respected the company’s decision. Innolux, the nation’s biggest LCD panel maker, holds about 34 percent stake in the LED chipmaker.

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