Profile: AU Optronics Corp (AUO)
24 Jun 2016
Au Optronics Corp., incorporated on August 12, 1996, is engaged in the research, development, production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems. The Company operates in two business segments: Display Business and Solar Business. In the Display Business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays. In the Solar Business segment, the Company designs, develops and manufactures PV modules, as well as produce solar PV systems and provide various value-added services for solar PV systems projects.
In the Display Business segment, the Company designs, develops, manufactures, assembles and markets a range of display products for the principal product categories: Televisions, which utilize display panels ranging from 17 inches to 75 inches, including panels for televisions, television sets and other related products for televisions; Monitors, which utilize display panels ranging from 17 inches to 32 inches, including products, such as desktop monitors; Mobile PCs, which utilize display panels ranging from 6 inches to 17.3 inches, including products, such as notebooks and tablets; Mobile devices, which utilize display panels ranging from 1.6 inches to 7 inches, including products, such as mobile phones, and Commercial and other applications, which utilize display panels ranging from 2.5 inches to 22 inches or above, for use in products, such as displays for automobiles, industrial PCs, automated teller machines, point of sale terminals, pachinko machines and others. The Company sells its panels primarily to original equipment manufacturing service providers and brand customers with operations in Taiwan, the PRC, Japan and other areas. Its original equipment manufacturing service provider customers use its panels in the products that they manufacture on a contract basis for brand companies around the world. It also sells its products to some brand companies on a direct shipment basis. For the year ended December 31, 2014, the Company's Display Business segment accounted 94.2% of its total net revenue.
In the Solar Business segment, the Company manufactures upstream and midstream solar products, such as polysilicon, ingots, wafers and solar cells. Through its subsidiaries, AUO Crystal Corp. and M.Setek, the Company manufactures polysilicon, ingots and wafers. Through AUSP, a joint venture the Company formed with SunPower Corporation in the United States, it produces solar cells in Malaysia. The Company's solar PV modules are manufactured with multi-crystalline PV cells and mono-crystalline PV cells. A solar PV system consists of one or more solar PV modules that are physically mounted and electrically interconnected with system components, such as inverters, mounting structures, wiring systems and other devices to produce and store electricity. The Company sells its solar PV modules primarily to overseas customers, including installers, solar PV system integrators, property developers and other value-added resellers, which integrates its PV modules into on-grid integrated PV systems with inverters, mounting structures and wiring systems. For the year ended December 31, 2014, the Company's Solar Business segment accounted 5.8% of its total net revenue.
The Company competes with LG Display, Samsung Display, Innolux, Chunghwa Picture Tubes, Hannstar Display, Sharp, Panasonic LCD, Japan Display, BOE, Century, Tianma, China Star Optoelectronics Technology and CEC-PANDA LCD Technology.
AU Optronics Corp
Li-Hsin Road 2, Hsinchu Science