Chi Mei Optoelectronics (CMO) announced its March 2009 revenues. Combined TFT LCD related revenues increased 48.7% M/M to NT$ 19.7 billion in March. CMO shipped approximately 5.7 million large-sized panels, up 34.6% M/M from February. The company also reported a 43% M/M increase in small/medium LCD panel shipments to 10.4″ million in March.
In Q1’09, CMO’s combined TFT-LCD related revenues increased 1.3% Q/Q to NT$ 44.3 billion. Approximately 13.3 million large-sized panels were shipped in Q1’09 representing a 16% Q/Q increase. Small/medium LCD panel shipments also rose 10.6% Q/Q to 23.2 million in Q4’08.
Overall some very good news from a top Taiwan-based LCD manufacturer. Hopefully this is a signal that the LCD industry is rebounding.