AU Optronics (AUO) Acquire 31.58% of SiPix

AU Optronics (AUO) through its two subsidiaries Konly Venture and Ronly Venture acquired 60 million shares of SiPix resulting in 31.58% ownership. The investment amounts to US$30 million. SiPix offers custom electronic paper display (EPD) module roll-to-roll manufacturing for rapid market deployment and materials. The company is based in Fremont, California. C.S. Ho is the founder and chairman and CEO of SiPix. CS Ho is expected to retire soon with CT Liu, senior VP and GM of consumer product display business group, to take his place. With this investment in SiPix, AUO will bolster its EPD development capabilities. AUO is expected to commence volume production of EPDs in 2009. EPDs based on flexible plastic substrates are expected next year.

Source: DigiTimes

Leave a Reply