CMI of Taiwan to Challenge 20% Market Share in 2013

Taipei, Dec. 17, 2012 (CENS)--An internal company meeting at Chimei Innolux Corp. (CMI), a major maker of thin film transistor-liquid crystal display (TFT-LCD) panel in Taiwan, decided to focus in 2013 on new sizes and technologies, also keeping profit-oriented operation.

CMI also aims to challenge 20% market shares for its major products including TV, monitor, notebook PC and tablet panels in 2013.

The company continues to complete its renaming to Innolux Corp. by the end of 2012, during which the maker's market share of TV panels lies between 18% and 19%, compared to 14% and 15% of its notebook PC panels.

CMI launched 39- and 50-inch panels to immediately win positive market response in 2011, and has continued to push 29- and 58-inch TV panels in 2012. The 29-inch TVs are very popular in emerging markets, while 58-inch sets are also widely welcome by consumers in mature markets as Europe and the U.S. during the Christmas sales season.

In 2013, CMI claims it will continue to strengthen its new-size product line, including 65- and 84-inch TV panels, also continuing to upgrade yield rates for established products and expand supply volume.

Also aiming to differentiate itself in technologies and specifications, CMI will start by aggressively tapping the 4K2K super-high resolution panels. CMI is trying to narrow the price gap between high- and super-high-resolution panels to 1.5- to two-folds. The firm is also scheduled to kick off mass production of IGZO (indium gallium zinc oxide) and organic light-emit diode (OLED) panels in 2013.