Innolux becomes world’s No. 2 TV panel supplier

RISING THROUGH THE RANKS:Global shipments of TV panels reached 60.16 million in the first quarter, with Innolux shipping 9.94 million, according to TrendForce Corp

Taipei Times
Date: May 01, 2017
By: Staff writer, with CNA

Flat-panel maker Innolux Corp (群創) became the second-largest TV panel supplier in the world in the first quarter of this year, according to market advisory firm TrendForce Corp (集邦科技).

Innolux shipped 9.94 million TV panels globally in the first quarter, down 9.3 percent from the previous quarter, due to slowing demand for some high-priced TV panels, including 39.5-inch models, TrendForce said on Monday last week.

Another factor was the company’s failure to increase its yield rates for high-end TV panel production, it said.

South Korea’s LG Display Co maintained its No. 1 ranking, shipping 12.63 million TV panels in the first quarter, down 7 percent from the previous quarter as part of its TV panel production capacity was allocated to other types of screens, TrendForce said.

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