CMO to overtake Sharp to become top LCD-TV panel supplier in 4Q
Chi Mei Optoelectronics (CMO) is likely to overtake Sharp and become the world’s leading above-20-inch LCD-TV panel supplier in the fourth quarter of this year, according to the Chinese-language Economic Daily News (EDN).
CMO stands a good chance of capturing 30% of the global market since it is receiving an increasing number of orders from Sony for the Europe market. Also, CMO’s shipments of 27- and 30-inch LCD-TV panels have exceeded 200,000 units per month so far this quarter. Total quarterly shipments are likely to exceed 700,000, the paper quoted the company as saying.
The company declined to comment on the news.
CMO had a 27% share of the global large-size (over-20-inch) LCD-TV-panel market this August, close to that of Sharp, according to Japan-based market research firm Techno Systems Research (TSR), as cited by EDN.
At an investors conference last month, CMO president Chao-yang Ho said he expects the company to maintain its 25% share of the LCD-TV panel market in 2005, with global shipments expected to reach more than 16 million units.
Besides shipping LCD-TV panels to various IT companies in the US and Europe, CMO is also a chief TV-panel supplier to most major Japan-based consumer-electronics companies, such as Sony, Matsushita Electric Industrial, Sanyo Electric, Mitsubishi Electric, Hitachi and Toshiba.
