Innolux to shift some production in China to Taiwan: paper
TAIPEI (Reuters) - Innolux Corp, the world's No.3 flat panel maker, plans to shift 25-30 percent of its manufacturing capacity in China to Taiwan in a bid to speed up production time and raise panel yields, a newspaper reported on Wednesday.
The Economic Daily quoted Chairman Tuan Hsing-Chien as saying that the move reflects signs of recovery for the industry.
Innolux and other flat panel makers have struggled with steep price drops and a supply glut for years.
Representatives for Innolux could not be reached immediately for comment.
(Reporting by Faith Hung; Editing by Edwina Gibbs)