29 Jun '12, 2am

Foxconn aims to land iTV orders by investing in Sharp, says CMI former executive

Foxconn aims to land iTV orders by investing in Sharp, says CMI former executive Rebecca Kuo, Tainan; Steve Shen, DIGITIMES [Friday 29 June 2012] Foxconn Electronics' investment in Sharp is aimed at securing iTV orders from Apple, which will be a positive development for the flat panel industry if the strategy works, according to Ho Chao-yang, former president of Chimei Innolux (CMI) and current chairman of Chi Mei Materials Technology. It is a win-win strategy for Foxconn and Sharp, and the tie-up is believed to be able to create new markets, Ho stated. In addition to benefiting the flat panel industry, the launch of iTVs will also benefit polarizer makers, including Chi Mei Materials, Ho added. Chi Mei Materials posted net profits of NT$1.43 billion (US$47.73 million) or an EPS of NT$3.37 in 2011.

Full article: http://www.digitimes.com/news/a20120628PD221.html

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