AU Optronics expects growth in H2UPBEAT OUTLOOK: With more companies investing heavily in information technology and demand for high-end TVs growing, the company said it expects prices to increaseBy Lisa Wang / Staff reporterAU Optronics Corp (AUO, 友達光電) expects growth momentum to extend into the second half of this year on strong demand for commercial laptops and premium TVs, after yesterday posting 65 percent sequential growth in net profit last quarter. Net profit expanded to NT$19.53 billion (US$698.87 million) in the second quarter, compared with NT$11.83 billion in the previous quarter and losses of NT$2.96 billion in the second quarter of last year. The company attributed the growth to quarter-on-quarter price increases of 16 percent last quarter. AUO expects panel supply and demand to reach a balance, as a key components shortage would cap the growth of new production. Shipments of the company’s 85-inch panels are to grow by a double-digit percentage year-on-year this quarter, after surging 50 percent annually last quarter, AUO forecast.

Source: Taipei Times July 29, 2021 15:56 UTC