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Date: 24th Aug 2010
AUO and Wistron establish joint venture
for TFT-LCD panel module production
AU Optronics and Wistron have established a joint venture
of TFT-LCD TV panel module production at "Wistron Optical
Campus" of the Zhongshan Torch Hi-tech Industrial Development
Zone in Guangdong, China. AU Optronics says the new business
model of allying with one of the world's leading ODM manufacturers
will hopefully help not only broaden customer base, but
also provide in-time and value-added services for customers
by joining the strengths from both sides. Total solutions
for design integration are included to bring about long-term
benefits for AUO and Wistron, seizing global business opportunities
together.
The Board of Directors of AUO and Wistron approved establishing
the joint venture with a registered capital of no more than
US$ 10 million. AUO and Wistron will own 51% and 49% of
the shareholding of the joint venture respectively. The
joint venture will tentatively be named Zhongshan BriVision
Optronics Corporation.
AUO says that if the investment plan is approved by the
relevant authority, AUO's presence of module plants in the
China market will be more complete. With services covering
East China, South China, North China and Southwest China,
AUO will be able to more closely respond to customer requirements
and strengthen its quality of services.
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