PARTNERSHIPS: Innolux is to purchase a 4.14% share of Vizio for US$45 million to ensure another destination for its flat panels and to boost its TV assembling business

Taipei Times
Date: Jun 21, 2018
By: Lisa Wang  /  Staff reporter, in Miaoli

Innolux Corp (群創) yesterday said chairman and chief executive officer Wang Jyh-chao (王志超) has resigned in a major managerial shake-up that would deepen the panelmaker’s restructuring efforts.

Innolux is an LCD manufacturing arm of Foxconn Technology Group (富士康), known as Hon Hai Precision Industry Co (鴻海精密) in Taiwan.

Personnel adjustments might help accelerate the “integration between panel businesses within the group,” said Wang, who is to serve as a consultant to Innolux.

Wang, who doubles as head of Foxconn’s “K” business group, is overseeing the construction of the group’s G10.5 fab in Guangzhou, China, and its first fab in the US.    [FULL  STORY]