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Optoelectronics/Displays??

AUO completes merger with Quanta Display

Posted: 04 Oct 2006 ?? ?Print Version ?Bookmark and Share

Keywords:AU Optronics? AUO? Quanta Display? QDI? TFT-LCD?

AU Optronics Corp. (AUO) announced the completion of its merger with Quanta Display Inc. (QDI). Following the signing of a merger agreement early this year, the merger has been approved by the Fair Trade Commission, Executive Yuan, and by the shareholders of both companies.

"AUO and QDI complement one another in their strengths, ushering in the arrival of a new era," AUO's Chairman KY Lee said. "The post-merger AUO will be better able to utilize its resources and R&D talent so as to strengthen AUO's leadership in the global TFT-LCD industry."

Lee and HB Chen remain as chairman/CEO and president/COO of AUO, respectively. In addition, the company's global workforce will increase from approximately 29,000 to more than 42,000 employees after the merger.




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