Optoelectronics Technology Co News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LCD panel makers AUO Corp (友達) and Innolux Corp (群創光電) would likely reduce factory utilization this quarter amid an industry downturn, market researcher TrendForce Corp (集邦科技) said yesterday. AUO’s factory utilization rate is likely to drop to about 50 percent from the prior quarter, while Innolux’s could be 6.7 percentage points lower this quarter, TrendForce said. The industry has been hit by flagging demand for TV and PC panels, which has driven prices down, TrendForce analyst Jeanette Chen (陳巧慧) said in a report. Compared with its peers, Hsinchu-based AUO is u...

The nation’s major panel suppliers, AUO Optronics Corp (友達光電) and Innolux Corp (群創), reported that revenue last month tumbled 30 percent and 42.6 percent year-on-year respectively, as sagging TV demand drove panel prices down to historic lows. AUO said that revenue last month plunged to NT$21.97 billion (US$744 million) from NT$32.12 billion a year earlier, but increased 8.6 percent from NT$20.22 billion in April. Overall, shipments rose 11.3 percent to 1.75 million square meters, AUO said in a statement. Innolux said that revenue last month plummeted to NT$18 billion from NT$31....

Shares of AU Optronics Corp (AUO, 友達光電) and Innolux Corp (群創) yesterday rose about 4 percent on speculation that local flat-panel makers could benefit from US sanctions on China’s ChuZhou HKC Optoelectronics Technology Co (滁洲惠科). ChuZhou is among the 33 Chinese entities that were added to the Unverified List by the US Department of Commerce’s Bureau of Industry and Security earlier this week. Listing on the Unverified List does not mean that US exporters cannot engage with listed parties, but requires additional documentation to reduce transaction risks. Investors were ...