Chimei, Innolux and Tongbao Optoelectronics merge to form a new company

CIC: Chimei Innolux Corporation is a new company formed by the merger of CMO, Innolux Display and TPO Displays. The company was formally established on March 18th. Hsing C Tuan, Chairman and President of Innolux, served as CEO of the company.

Hsing C Tuan said that in 2010, CIC's capital expenditures are expected to reach NT$60 billion (US$1.89 billion), including capacity expansion of 8.5-generation and 6-generation line plants with more than NT$40 billion, and more than Other investment and expenses of NT$1 billion.

Hsing C Tuan said that at the end of 2010, the company's 8.5-generation line factory will have a monthly production capacity of 27,000 pieces. In 2011, its monthly production capacity will reach 54,000 pieces.

Hsing C Tuan said that in 2009, Chi Mei Optoelectronics has invested NT$40 billion in the 8.5-generation line factory, and CIC plans to invest another NT$20 billion to expand its capacity in 2010. In addition, it will be used for 2011. It is NT$8 billion. Hsing C Tuan also said that if new technology needs to be introduced, the 8.5-generation line factory may need to invest NT$6 billion.

Hsing C Tuan said that CIC plans to expand its monthly capacity of its 6th generation line plant from the current 104,000 pieces to 180,000 pieces and will spend NT$20 billion.

Hsing C Tuan pointed out that due to the complete supply chain, CIC's monthly revenue is expected to reach NT$40-50 billion in 2010.

Hsing C Tuan pointed out that CIC is a company that provides customers with a full range of display solutions, covering upstream panel production and downstream module and system manufacturing.

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