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CMO secures orders from Panasonic, Toshiba

Posted: 21 Jul 2004 ?? ?Print Version ?Bookmark and Share

Keywords:chi mei optoelectronics? matsushita electric? toshiba?

Chi Mei Optoelectronics Corp. (CMO) won orders for LCD TV panels from Matsushita Electric Ind. Co. Ltd and Toshiba Corp. It will commence shipment of 37-inch TV panels to Panasonic in the third quarter of the year, and 20-inch TV panels to Toshiba later in the second half. The company has also begun shipping display panels to two other Japanese brands, Sanyo Electric Co. Ltd and Mitsubishi Corp.

CMO shipped about 750,000 LCD TV panels in the first half of the year. Second-quarter shipments have grown by at least 40 percent over the first quarter.

The company's new 5G plant churns out 60,000 substrates monthly and is expected to utilize full capacity of 120,000 substrates within the year. Meanwhile, its 5.5G plant in the Southern Taiwan Science Park will be devoted to the production of 27-, 32- and 37-inch panels.

At present, CMO commands a 24.2 percent chunk of the global market share for over 20-inch LCD panels, second only to Sharp Corp.

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