• Friday, October 09, 2015

Foxconn, Innolux to supply 7m LCD televisions to Mexico

Staff Reporter 2014-07-09 11:14 (GMT+8)
Innolux president Wang Jyh-chau poses with a company-made television. (Photo/Yuan Hao-ting)

Innolux president Wang Jyh-chau poses with a company-made television. (Photo/Yuan Hao-ting)

Taiwan's leading flat-panel maker Innolux Corporation and Taiwan-based contract manufacturer Foxconn (Hon Hai) are set to ship 7 million 23.6-inch televisions to Mexico after winning a three-year contract in the country, reports our Chinese-language sister paper Commercial Times.

The Mexican government launched a program this year to encourage people to retire their old cathode ray tube televisions and switch to LCD panels. The government plans to buy seven million of the 23.6-inch televisions over a period of three years and sell them to its public at low prices.

Most of the televisions will be assembled by Foxconn, with Mexican factories taking care of the rest. Innolux, which is responsible for supplying the televisions, has begun mass production. It has been shipping to Mexico since June and the volume is expected to increase in the third quarter. Due to insufficient production capacities at its fifth-generation factory, Innolux has set aside part of its 8.5-generation factory capacity to meet the shipping target.

Display panel makers almost reached their full production capacities in June and have to prepare for the shopping craze on Black Friday, which falls on Nov. 28 this year, said Xie Qinyi, vice president for Display Search in Greater China.

Most of the promotions during Black Friday are large-size LCD televisions at 50, 60 and 65 inches. The prices of display panels under 50 inches almost all rose by 1%-2% in late June, while declines in panels above 50 inches have also slowed down, said Xie. Strained supply is responsible for the unfavorable price flux.

The analyst also predicted that prices of monitors and laptop panels will increase by 1%-2% this year since many of the manufacturers' fifth-generation factories have set aside part of their production capacities for smartphone panels. Smartphone panels only amounted to 30% of the production capacity last year but the percentage has risen to 50% this year.




Xie Qinyi  謝勤益

Innolux Corporation  群創光電

Who`s who »
Wang Xiaochu (王曉初)

Wang Xiaochu is president of China Telecom and an alternate member of 17th CPC Central Committee. Born: 1958 Birthplace: Weihai, Shandong province Country of Citizenship: China Education: ...