CMO bought full control of CMEL, helps to narrow losses, expects AMOLED production in 06Q1

11/28/2006

According to digitimes, CMO has invested US$21.4 million in CMEL and now has has full control of CMEL. To reduce losses, CMEL sent a part of its workforce to CMO, the reported said. Nevertheless, CMO will keep investing in CMEL and help the subsidiary in developing new OLED products.

CMEL has AMOLED products with LTPS TFT technology - They showed 2.0 and 3.5 inch products at FPD 2006 in Japan this year, and expects to have these products in mass production in the first quarter of next year, according to the company. In addition, they have showed a 25" OLED TV prototype in that event.