At its annual shareholder meeting yesterday, AU Optronics Corp (
AU Optronics chairman Lee Kun-yao (
AU Optronics joins industry leader Samsung Electronics Co in predicting a market recovery. Prices of LCD panels used in computer and TV sets started to rise in April, helped by increased orders from TV and computer makers, according to estimates by research firm Witsview Technology Corp (
AU Optronics' so-called 7.5-generation factory, which produces TV screens measuring 40 inches and above, can currently process 40,000 sheets of glass a month, Chen told shareholders.
The factory's monthly capacity will climb to 80,000 by the third quarter of next year after reaching 60,000 in this year's third quarter, he said.
The company, which reported a NT$5.11 billion (US$154.7 million) net loss in the first quarter, will probably post a net income of NT$1.01 billion in the quarter ending June 30, according to analysts surveyed by Bloomberg. A Reuters poll showed an average estimate of NT$1.55 billion.
During the one-hour shareholder meeting yesterday in Hsinchu, Lee had his term extended for three more years, the company said in a filing with the Taiwan Stock Exchange yesterday. Chen will also continue his term for another three years, the filing said.
But Quanta Computer Inc's (
Taoyuan-based Quanta Computer, the world's largest maker of laptop computers sold under other companies' brands, is AU Optronics' second-largest shareholder with a 5.31 percent stake.
Quanta president Michael Wang (
Prior to the shareholder meeting, Quanta Computer was rumored to be planning to elect its representatives to the board of AU Optronics. Quanta's LCD unit, Quanta Display Inc (廣輝電子), was acquired by AU Optronics in April last year through a share-swap deal.
Both Quanta Computer and AU Optronics declined to comment on the matter yesterday.
However, the Chinese-language United Evening News quoted Lee as saying that AU Optronics had invited Quanta Computer to join the board, but that "Quanta decided not to do so."
Shares of AU Optronics rose 0.19 percent to close at NT$55.30 on the Taiwan Stock Exchange, compared with a 0.29 percent decline on the benchmark TAIEX index.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS