Taiwanese LCD giants merge to better compete globally

14.11.2009

The deal is expected to close May 1, 2010, Innolux said in a statement. Innolux will be renamed Chimei Innolux Corporation. The boards of both companies approved the deal on Saturday, but the transaction still needs shareholder and regulatory approval.

The current CEO of Innolux, H.C. Tuan, will become the president and CEO of Chimei Innolux, while the chairman of Chi Mei Optoelectronics, Frank Liao, will become the chairman of Chimei Innolux.