Reported about 1 year ago
Panel maker Innolux Electronics Corp. experienced a surge in stock with various market speculations arising, including rumors of plans to sell the closed 5.5th generation plant in Southern Taiwan to Micron for NT$18 billion, to be completed by the end of July. However, the company responded in the afternoon addressing focus on their core business without commenting on the speculations. Innolux's first-quarter consolidated revenue was NT$50.5 billion, with a net loss of NT$4.1 billion. The company is also reportedly transitioning into semiconductor technology, focusing on panel-level packaging with initial successes anticipated for 2024.
Source: YAHOO