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Optoelectronics/Displays  

AUO acquires Toshiba's AFPD shares

Posted: 04 May 2010     Print Version  Bookmark and Share

Keywords:LCD  mobile display  manufacturing 

Following-up on the MoU signed at the end of March, Toshiba Mobile Display (TMD) company will transfer to AU Optronics Corp. (AUO), all shares in its subsidiary AFPD Pte Ltd (AFPD).

With this TMD has concluded a definitive agreement with AUO. The wholly-owned subsidiary, AFPD Pte Ltd (AFPD), is a manufacturer of LCD displays for PCs. Under the terms of the definitive agreement, TMD plans to transfer all shares of AFPD to AUO on July 1.

TMD will now concentrate management resources on its manufacturing facilities in Japan. The sites produce displays for mobile devices, including mobiles phones and smart phones and for automotive applications, such as car navigation. TMD will also continue to implement restructuring initiatives to return its LCD business to the path of sustained growth with profit.





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