AfterDawn: Tech news

CMO announces new investment in LCD component

Written by Andre Yoskowitz (Google+) @ 19 Mar 2007 20:20

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."


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