AU Optronics Corp. engages in the research, development, production, and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in various applications. The company also engages in the production and sale of solar photovoltaic modules and systems. Segments The company operates in two business segments: Display and Solar. Display This segments designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels. The company’s panels are primarily used in televisions, monitors, mobile PCs, mobile devices and commercial and other applications (such as displays for automobiles, industrial PCs, automated teller machines, point of sale terminals and pachinko machines), etc. The company sells its panels primarily to companies that design and assemble products based on their customers’ specifications, commonly known as original equipment manufacturing service providers, and to brand customers. The company’s original equipment manufacturing service provider customers, most of whose production operations are located in Taiwan or the People’s Republic of China, use its panels in the products that they manufacture on a contract basis for brand companies worldwide. It also sells its products to some brand companies on a direct shipment basis. The company manufactures TFT-LCD panels at fabrication facilities commonly known as fabs. With production facilities utilizing 3.5-, fourth-, 4.5-, fifth-, sixth-, 7.5- and 8.5-generation technologies, the company has the flexibility to produce various panels of various sizes. Principal Products The company designs, develops, manufactures, assembles and markets a range of display products for various principal product categories, such as televisions, which typically utilize display panels ranging from 17 inches to 85 inches, including panels for televisions, TV sets and other related products for televisions; monitors, which typically utilize display panels ranging from 17 inches to 35 inches, including products, such as desktop monitors; mobile PCs, which typically utilize display panels ranging from 6 inches to 17.3 inches, including products, such as notebooks and tablets; mobile devices, which typically utilize display panels ranging from 1.4 inches to 6 inches, including products, such as mobile phones; and commercial and other applications, which typically utilize display panels ranging from 1.2 inches to 24 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. Products for Televisions The company’s portfolio of products for televisions consists of 17-inch to 85-inch panels. In 2015, approximately 87.2% of the sales of products for televisions the company produced were 39 inches and above. Customers, Sales and Marketing The company sells its panels primarily to brand companies and original equipment manufacturing service providers with operations in Taiwan, the People’s Republic of China, Japan, and other areas. Samsung Group accounted for 11.7% of its net revenue in 2015. Seasonality The company’s business is subject to seasonal fluctuations common in the display panel industry, which in turn is affected by the seasonality of demand for consumer and other end-products produced by its customers. Competition The company’s principal competitors include LG Display and Samsung Display in Korea; Innolux, Chunghwa Picture Tubes and Hannstar Display in Taiwan; Sharp, Panasonic LCD, and Japan Display in Japan; and BOE, Century, Tianma, EverDisplay Optronics, China Star Optoelectronics Technology and CEC-PANDA LCD Technology in the People’s Republic of China. Solar This segment operates as a vertically integrated solar value chain, which engages in the manufacturing and branding capabilities for its solar products. The company manufactures upstream and midstream products, such as polysilicon, ingots, solar wafers and solar cells. It also designs, develops and manufactures solar modules, build solar systems and provides various value-added services for solar systems projects. The company, through its subsidiaries AUO Crystal Corp. and M.Setek, mainly focuses on research, production and sales of solar materials, such as ingots and solar wafers. The company’s principal manufacturing sites for ingots and solar wafers are located in Taiwan, Japan and Malaysia. The company also designs, develops and manufactures solar modules, build solar systems and provide various value-added services for solar systems projects. Its solar modules are manufactured with multi-crystalline solar cells and mono-crystalline solar cells. The company sells its ingot and solar wafer products primarily to solar cell manufacturers. It sells its solar modules primarily to overseas customers, including installers, solar system integrators, property developers and other value-added resellers, which incorporate its solar modules into large on-grid integrated solar systems with inverters, mounting structures and wiring systems. Intellectual Property As of February 29, 2016, the company had filed approximately 22,200 patent applications in various jurisdictions, including Taiwan, the United States, the People’s Republic of China, Japan, United Kingdom, the European Union, Korea and others. These patent applications include patents for TFT-LCD manufacturing processes and products, and approximately 15,700 patents were issued as of February 29, 2016. In addition, the company has registered AU Optronics as trademarks in some countries and jurisdictions where the company operate, including the Republic of China, the United States, the European Union and Korea and registered its corporate logo, AUO as trademarks in the Republic of China, the People’s Republic of China, the United States, the European Union, Japan and Korea. History AU Optronics Corp. was founded in 1996.
au optronics corp (2409:Taiwan)
Hsinchu Science Park
No. 1, Li-Hsin Road 2
Phone: 886 3 500 8899
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