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AUO to close Singapore display production in December
AU Optronics Corp. (AUO) plans to close its display production line in Singapore by the end of December, affecting around 500 employees. The company is moving its manufacturing equipment back to Taiwan and offering Taiwanese staff in Singapore the choice to relocate to Taiwan or transfer to Vietnam. AUO aims to expand its display module capacities in Vietnam. The company confirmed that its Singapore base will transform into a hub for providing smart solutions and will serve as its operations center in Southeast Asia. This move is in response to the growing preference for Organic Light Emitting Diode (OLED) technology in smartphones, tablets, and laptops, posing challenges to the Liquid Crystal Display (LCD) industry. Most of the equipment will be relocated to AUO’s Longtan plant, which is actively developing microLED displays in line with Apple’s strategy.2023/12/20 10:47 -
AUO to lower 2023 capital expenditure to NT$30B
AU Optronics Corp’s Chief Financial Officer, Benjamin Tseng, announced that the company’s capital expenditures for 2023 are likely to be revised downward to around NT$30 billion. This represents a decrease of NT$5 billion, or 14.3%, from the initial target of NT$35 billion. Tseng also mentioned that AUO’s capacity utilization rate reached approximately 80% in the third quarter of this year but expects a slight decrease in the final quarter.2023/10/31 17:23