Taipei, Friday, August 18, 2017 07:40 (GMT+8)
thunderstorms
Taipei
34°C
LGD to establish JV with iRiver for e-book readers
Press release, June 14; Yvonne Yu, DIGITIMES [Monday 14 June 2010]

LG Display (LGD) has announced plans to establish an e-book reader joint venture (JV) with iRiver to reinforce its presence in the fast-growing global e-book reader market.

LGD signed an agreement with iRiver to establish a JV for the OEM development, production and sales of e-books readers. The agreement is subject to approval by the board of directors.

Under the agreement, the two companies will establish a JV named L&I Electronic Technology (Dongguan) Limited in Dongguan, Guangdong Province in China after receiving approval from relevant authorities. LGD and iRiver will make equity investments of 51% and 49% respectively for initial capital of US$5 million.

The JV will start production at iRiver's existing e-book reader plant in Dongguan in September 2010 with a goal of reaching one million units in annual production by 2011. Furthermore, production may be expanded to include new applications such as e-Textbooks and e-Newspapers, LGD said.

With LGD's EPD technology and iRiver's e-book reader product development capacities, the JV will be equipped to provide customers with ODM or OEM services, it said.

Through the JV with iRiver, LGD will be able to further expand its customer base by securing a stable and long-term EPD customer. Additionally, its entry into the e-book reader industry will allow LGD to assume a larger role in the e-book reader market, it said.

LGD's executive VP and head of mobile/OLED business unit Eddie Yeo said, "LGD decided to establish a joint venture with iRiver to supply customers with more competitive products as part of our upstream-downstream business transformation strategy. LGD will utilize its advanced EPD technologies to achieve early commercial production of color and flexible EPD and reach the global number one position by 2012."

Jae Woo Lee, CEO of iRiver said, "The joint venture is significant in that iRiver has now secured the foundation to produce more stable and competitive products. Once our mutual technical and manufacturing abilities start producing synergies, I am confident that our joint venture will grow into a leading global producer of e-books."

According to market researcher DisplaySearch, the e-book reader market is expected to reach from an estimated US$350 million in 2009 to hit US$1.2 billion in 2011 and US$1.73 billion in 2015.

Realtime news
  • Commentary: Is Huawei carrier business losing growth momentum?

    Mobile + telecom | 9h 32min ago

  • Micron advances semiconductor R&D capabilities with new Boise facility

    Bits + chips | 9h 38min ago

  • Simplo expects shipments for electric bicycles to boom

    Before Going to Press | 9h 46min ago

  • China market: IoT chip demand promising, says ARM CEO

    Before Going to Press | 10h 7min ago

  • Dialog looking to extend partnership with Spreadtrum

    Before Going to Press | 10h 14min ago

  • Taiwan market: Acer subsidiary to sell tablets for seniors

    Before Going to Press | 10h 38min ago

  • Mirle seeing order backlog swell, says report

    Before Going to Press | 11h 3min ago

  • Apple Watch shipments expected to top 15 million units in 2017

    Before Going to Press | 11h 7min ago

  • Wafer Works expects wafer prices to continue rising on strong demand

    Before Going to Press | 11h 8min ago

  • Diode startup HY plans TSE listing

    Before Going to Press | 11h 9min ago

  • SPIL restarts backend services for DRAM

    Before Going to Press | 12h 25min ago

  • UL Taiwan amid first-round IEC 62619: 2017 labs

    Before Going to Press | 12h 33min ago

Pause
 | 
View more
Yilan Science Park
Global AP demand forecast, 2017-2020
Global notebook shipment forecast, 2017 and beyond
  • China AMOLED panel capacity expansion forecast, 2016-2020

    This Digitimes Research Special Report examines the China AMOLED industry, focusing on the expansion capacity of the makers, the current implementation plans of major smartphone vendors in the market and the technological hurdles faced by the China makers.

  • Global AP demand forecast, 2017-2020

    Digitimes Research expects global AP shipments to surpass the 1.9 billion mark in 2017, with smartphones remaining the main application. Qualcomm will be leading the market in 2017, as other players continue playing catch up and scramble for funds to invest in more diverse applications.

  • Global notebook shipment forecast, 2017 and beyond

    This Digitimes Special Report examines key factors in the notebook industry, including products, vendors and ODMs, that will affect total shipments in 2017 and through 2021.