Chi Mei Electric plans to reduce its capital expenditure to below 30 billion Taiwan dollars next year

Chi Mei Electric said on the 27th that this year's capital expenditure will be about NT$50 billion, and it will fall below NT$30 billion next year. It will focus on the development of new technologies such as LCD flats (IPS). Next year's revenue and profit will definitely be better than this year. it is good. The business of large size, small size, and touch panel has grown significantly compared to this year, and the annual growth rate of touch is 40%.

Chi Mei Electric stressed that in 2012, CMI's business in system assembly (SI) will be completely cut out. In the past, SI accounted for tens of billions of dollars in revenue, and there are still 5 to 6 billion yuan, which will fall to zero in the first quarter of next year. Although the source of revenue is reduced (meaning SI is going to be cut out), as the operation next year will grow compared to this year, it can be seen that CMI's panel revenue and profit will be better than this year.

For small and medium size, it will grow by 20% to 30% in 2012. Touch panel revenue will be about NT$40-50 billion this year, and it will grow 40% next year. Chi Mei has two 4.5-generation factories to switch to touch. There is also a back-to-back capacity that provides a total solution from the front to the back. In new technologies, such as active organic light-emitting displays (AMOLED), Chi Mei will also step up development, AMOLED will be delivered in small quantities in the third quarter of next year.

 

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