AU Optronics Corp (AUO, 友達光電), the nation’s No. 2 LCD panel maker, yesterday said revenue surged 20.7 percent last month to NT$34.02 billion (US$1.13 billion) from February and hit its highest level in four months.
Shipments of PC and TV panels grew 11 percent to 10.21 million units, while those of flat panels used mostly in handsets and tablets rose 44.8 percent to 12.64 million units from a month ago.
In the first quarter, revenue shrank 8.7 percent to NT$93.8 billion from the previous quarter, with shipments of PC and TV panels dropping 3.3 percent quarter-on-quarter to 29.18 million units and smaller panels down 18.7 percent sequentially to 33.46 million units, the company said in a statement.
Market researcher NPD DisplaySearch said earlier this month that prices for mainstream LCD TV panels started to pick up in the first half of this month due to supply constraints, after 10 months of decline.
Barclays Capital said last month that following inventory adjustments in recent months, flat panel inventories have fallen to a healthy level, and it is possible that TV screen prices will recover in the second quarter due to demand from China.
Meanwhile, smaller rival HannStar Display Corp (瀚宇彩晶) yesterday said its revenue rose 12.5 percent to NT$1.98 billion last month from February as shipments of PC panels increased 0.7 percent month-on-month to 46,000 units.
Shipments of small and medium-sized panels dropped 7.1 percent sequentially to 23.84 million units last month.