BRANCHING OUT: The company needs the TV assembly business to offset a slump in the flat-panel industry, chairman Jim Hung told reporters at a factory in Tainan
Date: Jun 12, 2019 – Page 12
By: Lisa Wang / Staff reporter, in TAINAN
Innolux Corp (群創) expects TV assembly to make up 25 percent of its overall TV business revenue this year,thanks to yield improvement and customer gains, a company executive said yesterday.
That would represent a significant increase from last year’s 8 percent contribution and a 1 percent share the previous year, when the company returned to assembling TVs.
The outlook bodes well for the LCD panelmaker as it branches out to new businesses to cope with high volatility in the flat-panel industry.
The company earlier this year established three wholly owned subsidiaries in Taiwan and China as it prepares to spin off its auto and X-ray machine display businesses.
“We have to assemble TVs to counterbalance” a slump in the flat panel industry, chairman Jim Hung (洪進揚) told reporters at Innolux’s plant in Tainan’s Southern Taiwan Science Park (南部科學工業園), citing the firm’s goal to reshape its business model in three years.
Seeking revenue growth would be high among the company’s priorities and manufacturing TVs would be a major strategy to reach that goal, Hung said. [FULL STORY]