Tatung yesterday announced that it will invest US$20 million in Proview, a Hong Kong-listed display specialist.
With the investment, Tatung will secure nearly 20% of stakes in Proview and become the second largest shareholder of the display maker, today's Chinese-language Economic Daily News (EDN) reported.
In addition, sources indicated Proview will begin purchase panels for monitors and LCD TVs from Chunghwa Picture Tubes (CPT), an affiliate of Tatung. Proview now buys panels mainly from AU Optronics (AUO) and Chi Mei Optoelectronics (CMO), the sources added.
In the future, Proview may also place orders for LCD TVs and monitors with Tatung, which will produce the products at its plants located in China, Mexico, Czech Republic and the Netherlands, the Chinese-language Commercial Times noted.
Established in 1989, Taiwan, Proview fouses on the manufacturing of CRT/ LCD monitors, LCD TVs, PDP (plasma display panel) TVs as well as own-brand business (Proview, Xerox, MAG, EMC, KDS).
Proview ranked the eighth position in worldwide LCD monitor manufacturing market last year, according to DisplaySearch.
Article edited by Carrie Yu
