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Winbond plans selling FPD business to Cheertek

Posted: 27 Jan 2006     Print Version  Bookmark and Share

Keywords:Winbond Electronics  Flat Panel Display  FPD  Cheertek Technology 

Winbond Electronics Corp. announced that its board of directors has approved the sale of its flat panel display (FPD) business to Cheertek Technology Inc. for reportedly around Rs.552 crores (NT$4 billion). According to the press release, Winbond decided to sell its FPD business in order to focus on its core business and aggregate the resources in the advanced product lines.

Due to very little synergy to be gained between driver IC and other products in recent years and despite Windbond's FPD business generating Rs.193.20 crores (NT$1.4 billion) revenue in 2005, Winbond has to aggregate the resources of their most competitive products. The logic IC business group will mainly be focusing on the developments of consumer products, multimedia products and advanced PCs.

Winbond Chairman Arthur Y.C. Chiao commented, "In the future, Winbond will provide foundry services for driver IC which will also be opened to other driver IC design companies. Aside from our 6-inch fab, the capacity of our 8-inch fab will possibly be utilised for the said foundry services."

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