InfoAnda - AU, Chi Mei seek tie-ups with Chinese firms -paper

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: AU, Chi Mei seek tie-ups with Chinese firms -paper Reuters - Monday, March 30 TAIPEI, March 30 - Taiwan's two biggest LCD makers, AU <2409.TW> and Chi Mei <3009.TW>, are seeking tie-ups on panel module production or technology with Chinese appliance makers amid rising demand in China, a local newspaper said on Monday. ADVERTISEMENT AU Optronics Corp <AUO.N>, the world's No. 3 LCD maker, is in talks with China's TCL <000100.SZ> about possible cooperation, while a senior executive from Konka Group <000016.SZ> has met with Chi Mei executives last week on a potential tie-up on module technology, the Commercial Times said, without citing sources. The move could pave the way for Taiwanese LCD makers to strengthen their relations with branded companies in China to ensure steady supply of LCDs, the Chinese-language paper said, without giving investment figures. Some of Taiwan's technology companies, including panel makers, have been enjoying a spate of rush orders from China, where the government is pushing a programme to introduce more electronics goods to smaller cities. Chi Mei has forecast its LCD panel shipments would rise 20 percent this year with help from Chinese government policy to boost rural consumer spending on electronics [ID:nSHA248213] Officials from AU and Chi Mei were not immediately available for comment. Taiwanese LCD makers are not allowed to set up panel factories in China, but AU and Chi Mei now have factories on the mainland to assemble LCD modules and other key components. By 0310 GMT, AU shares fell 2 percent and Chi Mei shares dropped 2.4 percent, while the main TAIEX <.TWII> lost 1.8 percent. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Russian economy to shrink by 4.5 pct-World BankReuters - 55 minutes ago China Minmetals still discussing Oz Minerals dealAP - 1 hour 1 minute ago China Spring Air aims to double net in '09-chairmanReuters - 1 hour 12 minutes ago Australian academic bids to block cash handoutsAFP - 1 hour 28 minutes ago Related Articles: Business Israel Chemicals Q4 profit up, below forecastReuters - 48 minutes ago BUY OR SELL-Hynix stock jump: A case of irrational exuberance?Reuters - 49 minutes ago AIG delays funds to some real-estate ventures: reportReuters - 51 minutes ago MONEY MARKETS-Dollar funding costs ease, term premium remainsReuters - 52 minutes ago HK shares slide 4.3 pct, U.S. auto woes weighReuters - 53 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Hot tea linked with throat cancer Prince William up for Afghanistan fight: report Scientists see asteroid hurtle to Earth Peugeot board sacks boss Streiff Pope 'publicly distorted' condom science: Lancet View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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