Taipei, Friday, July 31, 2015 09:21 (GMT+8)
partly cloudy
Taipei
28°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
  • ASE expects to post revenue growth through 4Q15

    Bits + chips | 11h 24min ago

  • Coretronic reports 2Q15 performance

    Displays | 11h 25min ago

  • Taiwan market: Chunghwa Telecom sees 4G user base increase to 2.9 million

    Mobile + telecom | 11h 26min ago

  • Energy management revenues for healthcare markets expected to reach US$2.2 billion by 2024, says report

    Green energy | 11h 28min ago

  • Hua Hong Semiconductor, QST announce 3-axis gyroscope SoC

    Bits + chips | 11h 29min ago

  • UMC slows 28nm ramp

    Bits + chips | 11h 31min ago

  • Taiwan IC design houses expect orders for handsets to pick up in August

    Before Going to Press | 11h 52min ago

  • China market: Meizu to launch inexpensive smartphone

    Before Going to Press | 11h 53min ago

  • Notebook component makers shift to server applications along with ODMs

    Before Going to Press | 11h 54min ago

  • Taiwan market: Samsung launches Galaxy Tab 4 7.0, Galaxy Grand Prime

    Before Going to Press | 11h 55min ago

  • Silicon Motion to offer solutions for 3D XPoint devices

    Before Going to Press | 11h 56min ago

  • UMC slows 28nm ramp

    Before Going to Press | 11h 57min ago

  • Adlink Technology posts 1H15 net EPS of NT$1.77

    Before Going to Press | 11h 58min ago

  • Digitimes Research: China smartphone AP shipments to grow 23.5% in 2H15

    Before Going to Press | 11h 59min ago

  • Silitech Technology nets NT$0.47 per share for 1H15

    Before Going to Press | 11h 59min ago

  • AMOLED smartphone panels increase 20% in 1H15

    Before Going to Press | 12h ago

  • Hydis continuing with factory shutdown despite ongoing protests

    Before Going to Press | 12h ago

  • Innolux conservative about 2H15 performance

    Before Going to Press | 12h 1min ago

  • Taiwan market: Xiaomi cooperates with Uber to deliver smartphone purchases

    Before Going to Press | 12h 2min ago

Pause
 | 
View more
Display panels for wearable devices
Taiwan server shipment forecast and industry analysis, 2015
Demand and supply trends in the global sapphire industry, 2014-2015
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.