AUO returns to profit in 3Q20

AU Optronics Corp. designs, develops, manufactures, assembles and markets flat panel displays. The Company’s principal products are thin-film transistor-liquid crystal display (TFT-LCD) panels. AUO is able to offer TFT-LCD panels in sizes ranging from 1.2 inches to greater than 65 inches.

The company was established in September 2001 by the merger of Acer Display Technology, Inc. and Unipac Optoelectronics Corporation.

In October 2006, AUO further merged with Quanta Display Inc. to create a larger TFT-LCD manufacturer with 20% of the world’s large-sized TFT-LCD market, forming the company as of today.

Its panels are used in computer products, such as notebook computers and desktop monitors; consumer electronics products, such as mobile phones, digital photo frames, digital still cameras, portable navigation display, portable digital video disc players, LCD televisions, and industrial displays.

The Company sells its panels primarily to original equipment manufacturing service providers or brand customers. The Company groups its business into three marketing channels: Information Technology Displays, Consumer Products Displays and Television Displays. AUO is the first TFT-LCD manufacturer in Taiwan to mass produce TFT-LCD panels by means of G3.5, G4, G5, G6,G7.5 and G8.5 fabrications, and the constructing G8.5 fab was enter mass production in the second half of 2009. In March 2008 and June 2008, the Company acquired 45% and 26% of equity interests in Verticil Electronic Corp. and Dazzo Technology Corporation, respectively.

    The company’s stock price closed at NT$11.8 on the TSE on Thursday, October 29, 2020.
    The company has reported consolidated revenues of NT$26,078 million for September 2020, representing a 7.5% increase on month and 9.2% increase on year.
    For the second quarter of 2020, the company totaled NT$63,500 million in consolidated revenues, up 18.3% sequentially and down 9.4% on year.


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