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CMO announces new investment in LCD component

19 March 2007 20:20 by Andre "DVDBack23" Yoskowitz

CMO announces new investment in LCD component According to two company filings with the Taiwan Stock Exchange,Chi Mei Optoelectronics (CMO) has announced it will be adding investments of $14 million USD via Ampower Holding for LCD components.

In the filings, CMO reported that it will acquire 45% of the holding company.

"The panel maker has been aggressive in better completing its upstream supply chain. The maker announced last December it is investing US$1.21 million in Guan-Jie Electronics (transliterated from Chinese). Thanks to the investments, CMO gained 57% of the company, which was reported by the Chinese-language Commercial Times as an LCD inverter maker."

Source:
Digitimes


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