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AUO net profit hits 13-year high
SUSTAINABLE GROWTH: The panel maker said it has been running at full capacity since the middle of last year, but is still unable to fully satisfy customers’ demand
By Lisa Wang / Staff reporter
Display panel maker AU Optronics Co (AUO, 友達光電) yesterday said that first-quarter net profit hit a 13-year high of NT$11.83 billion (US$423.26 million), as the COVID-19 pandemic-induced stay-at-home economy stimulated demand for panels for TVs and computers.
AUO expects the growth momentum to carry through the rest of the year and be sustainable in the longer term as work from home, remote schooling and home entertainment become the new norm.
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AUO transformation plan succeeding
FUNDAMENTAL CHANGES: The LCD panel maker said that its goal is to ‘sell value’ by expanding its business scope and investing in firms in different supply chains
By Lisa Wang / Staff reporter
LCD panel maker AU Optronics Corp (AUO, 友達光電) expects value-added panels and new service solutions to account for as much as 20 percent of its overall revenue in 2023 as its transformation efforts begin to bear fruit, the company said yesterday.
AUO has been pushing for fundamental changes for about eight years, aiming to eschew the panel industry’s boom-and-bust cycles by investing in capacity for value-added panels and expanding its business scope to vertical industries in the past three years.