Chimei Innolux Corporation, a new entity to be formed in March, is expected to surpass LG Display (LGD) to become the second largest LCD panel maker worldwide in the third quarter of 2010, and aims to challenge NT$603.3 billion (US$18.99 billion) in revenues and NT$20.1 billion in net profit for the year, according to Innolux Display.
Innolux, which is set to merge with Chi Mei Optoelectronics (CMO) and TPO Displays to form Chimei Innolux, noted that in 2011 revenues and net profit are expected at NT$680 billion and NT$35.7 billion respectively,and in 2012 they will rise to NT$750 billion and NT$48.6 billion, respectively.
Innolux noted that the merger with CMO will help Innolux improve its multi-domain vertical alignment (MVA) technology for large-size panels. It can also help narrow the gap between Innolux and its Korea-based competitors Samsung Electronics and LG Display, the company noted.

Merging with TPO Displays will enhance Innolux's LTPS technology and help it enter the supply chain for first-tier vendors' high-end handsets, Innolux added.

Innolux currently has one 4.5G plant, which mainly produces small- to medium-size panels with a monthly capacity of 45,000 substrates. Its 5G plant chiefly produces large-size panels, with a monthly capacity of 85,000 substrates.

Its 6G plant will start mass production in the third quarter of 2010 with a monthly capacity of 40,000 substrates, and the new plant at first will mainly make monitor panels, and will later also produce TV panels depending on market demand, Innolux said.
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