The spending to lay solid foundation for them to explore the increasingly bullish market for high-definition display panels
May 25, 2015 | By Quincy Liang
Compiled by QUINCY LIANG
Reportedly holding optimism toward the market, four major Taiwanese makers of thin film transistor-liquid crystal display (TFT-LCD) panels have decided to invest about NT$79.5 billion (US$2.65 billion) as whole in capital spending this year, up 80 percent from 2014 to be the largest sum of its kind in four years. Such capital spending, according to the panel makers, will be used to carry out production-capacity expansion and overcoming technical bottlenecks.
Among the four companies, AU Optronics Corp. (AUO) plans capital spending of about NT$40 billion (US$1.33 billion), up 135 percent from 2014; while Innolux Corp., Chunghwa Picture Tubes Ltd. (CPT) and HannStar Display Corp. NT$35 billion (US$1.17 billion, up 70 percent year-on-year or YoY), NT$2 billion to NT$2.5 billion (US$66.7 million to US$83.3 million), and NT$1.5 billion to NT$2 billion (US$50 million to US$66.7 million), respectively.
With recovery in global demand for TFT-LCD panels, the panel makers generally deem to hold enough capital for the annual spending this year. However, both AUO and Innolux have mapped out capital-increase projects to issue 950 million shares each.
AUO had actual capital spending of NT$17 billion (US$566.7 million) in 2014, less than NT$20 billion (US$666.7 million) it had originally planned. This year the company plans to pour more money into expanding the production capacity of its 8.5-generation (8.5G) panel factory and installing equipment at its scheduled 6G low temperature poly-silicon (LTPS)-TFT in Kunshan, Jiangsu Province of China.
Paul Peng, president of AUO, said his company plans to add additional monthly capacity of 25,000 to 30,000 substrates at the 8.5G panel plant in Taiwan, and the capacity expansion plan is scheduled for completion by 2016.
At AUO's Kunshan facility, he added, LTPS production is expected to kick off in the second half of 2016.
Paul Peng, AUO's president, introduces an 85-inch 4K LCD TV panel. (photo from UDN)
Innolux is focusing on high color gamut panels since its introduction of such products in Q4, 2014. (photo from UDN)
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