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AUO transformation plan succeeding - Taipei Times


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. ....

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