RECOVERY: Top panel makers AU Optronics and Innolux saw revenue reverse up last month after months of decline, as demand for TV and PC panels rebounded
Date: Apr 10, 2019
By: Lisa Wang / Staff reporter
The nation’s two biggest flat-panel makers, AU Optronics Corp (AUO, 友達光電) and Innolux Corp (群創), yesterday said that revenue last month rebounded due to rising panel shipments across the board.
Hsinchu-based AUO said that its revenue climbed 17.4 percent to NT$24.39 billion (US$790.8 million) last month from NT$20.78 billion in February, breaking a six-month downward spiral due to overcapacity.
Shipments of TV and PC panels rose 19 percent sequentially to 9.68 million units last month, while shipments of small and medium-sized panels rebounded 50.7 percent to 102.7 million units, a company statement said.
However, the first quarter remained a weak period for AUO, with revenue sliding 10.4 percent to NT$66.71 billion from NT$74.45 billion in the same period last year.