Chi Mei Optoelectronics (CMO) Expects 20% Jump in LCD Panel Shipments in 2009

Chi Mei Optoelectronics (CMO) is upbeat about 2009. The Taiwan-based manufacture of LCDs expects LCD panel shipments to increase 20% Y/Y from 63 million to 76 million units in 2009. CMO is gearing itself for a 25 million LCD TV panel year, growing 25% Y/Y. The company is benefiting from the Chinese government’s policies that are designed to give incentives of about 13% in government subsidies toward purchasing electronic goods and home appliances in rural areas. CMO recently won a four-year LCD panel order from a Chinese firm that can be worth about 7 to 10 million LCD panels according to sources.

Source: Reuters, China Knowledge

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