August 18, 2006
AU Optronics announced yesterday that it has purchased a 39.7% shareholding in Toppan
CFI for approximately NT$6.1 billion. Chen Hsuan-bin, President of AU Optronics, said AU will take two seats on the board of Toppan
CFI (Taiwan) and has the power to appoint the company's chief financial officer.
Chen said the deal is not only significant because of the mutually beneficial partnership between two major Taiwanese and Japanese companies, the strategic alliance will also allow AU to secure an adequate supply of color filters, most notably for its fifth-generation (5G) and 3.5G fabs acquired in April from Quanta Display. AU Optronics’ purchase may also help the company acquire more advanced technology needed for its 7.5G LCD fab.
According to Chen AU Optronics' in-house filter plants, its venture Cando Corporation, and Toppan will supply 90% of the company's demand for color filters in the next three to six months.
(Taipei Times, China Times)
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