Lite-On, the Taiwan-based electronics conglomerate, is selling its digital display business to another Taiwanese company, Wistron, for about $300 million. Wistron itself is a spin-off from Acer.
Lite-On's Digital Display business unit generated NT$82.75 billion in revenues for the company in 2007. Wistron said it hopes to strengthen its LCD display product range and to raise its share in the market.
Wistron, which specializes in system assembly, shipped 700,000 to one million LCD TVs in 2007, and aims to increase shipments to two million units in 2008, according to industry sources. Lite-On has had unit shipments of 8-9 million display products each year in the past, the sources said.
Lite-On makes power supplies, and says it will concentrate on increasing profitability and market share in that sector. Hmm. That's electrifying news.