AUO to spin off higher-margin display businessesA NEW HOPE: Under the plan, the NT$386 million public information and general purpose displays groups would become Da Qing Corp, pending shareholder approvalBy Lisa Wang / Staff ReporterLCD panel maker AU Optronics Corp (AUO, 友達光電) yesterday unveiled a plan to demerge its higher-margin public information and general purpose displays businesses, marking its first spin-off. Photo: Chen Mei-ying, Taipei TimesDa Qing would focus on sales, research and development, and customer service of general purpose and public information displays, AUO said in a statement. AUO said that the public information display products include displays for smart retail, transportation and education, as well as specialized industrial-grade displays for harsh environments, such as outdoors. Products developed by Da Qing would deliver higher profit margins than commodity-type panels and have longer life cycles, AUO said. Rival Innolux Corp (群創) had mapped out similar plans to spin off some businesses 18 months earlier, but the firm has not yet made significant progress.

Source: Taipei Times May 07, 2020 15:56 UTC