AUO Corporation
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Native name | |||||||
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Company type | Public company | ||||||
TWSE: 2409 | |||||||
Industry | Electronics | ||||||
Founded | 12 August 1996 | ||||||
Headquarters | Hsinchu, Taiwan | ||||||
Key people | Paul SL Peng (Chairman and Group Chief Strategy Officer) Frank Ko(Chief Executive Officer and President) | ||||||
Revenue | NT$247 billion (2022) | ||||||
Number of employees | 38,000 (2022) [1] | ||||||
Chinese name | |||||||
Traditional Chinese | |||||||
Simplified Chinese | |||||||
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Website | auo |
AUO Corporation (AUO; Chinese:
AUO employs 38,000 people.[citation needed]
History
- August 1996 Acer Display Technology, Inc. (the predecessor of
AU O) was founded - September 2000 Listed at Taiwan Stock Exchange Corporation
- September 2001 Merged with Unipac Optoelectronics Corporation to form
AU O - October 2006 Merged with Quanta Display Inc.
- December 2008 Entered solar business
- June 2009 Joint venture with Changhong in Sichuan, China to set up module plant
- April 2010 Joint venture with TCL in China to set up module plant
- July 2010 Acquired AFPD Pte., Ltd.("AFPD"), subsidiary of Toshiba Mobile Display Co., Ltd. in Singapore
- February 2012 OLED strategic alliance formed with Idemitsu in Japan
- April 2014 Initiated new model of solar power plant operation by founding Star River Energy Corporation
- May 2014 CSR Report acquired Taiwan's first GRI G4 certificate among the manufacturing industry
- December 2015 Launched Taiwan's first process water full-recycling system
- December 2020 AUO 9.4-inch high resolution flexible micro LED display technology honored with 2020 Innovative Product Award from Hsinchu Science Park
- May 2021 Established AUO Display Plus, Industrial and Commercial Display Subsidiary of AUO
- October 2023 AUO acquired Behr-Hella Thermocontrol for €600 million (approximately NT$20.4 billion)[3]
Controversies
In September 2012, AUO was sentenced to pay a US$500 million criminal fine for its participation in a five-year conspiracy to fix the prices of thin-film transistor LCD panels sold worldwide. Its American subsidiary and two former top executives were also sentenced.[4] The two executives were sentenced to prison and fined for their roles in the conspiracy. The $500 million fine matches the largest fine imposed against a company for violating U.S. antitrust laws. In July 2014, the Ninth Circuit rejected AUO's appeal of the fine.[5]
- Lextar Electronics Corporation
- Qisda Corporation
- Darwin Precision Corporation
- Daxin Materials Corporation
- AUO Crystal Corporation
- Toppan CFI
- Fargen Power Corporation
See also
References
- ^ "Au Corp. Profile".
- ^ "About AUO Corporation".
- ^ "AUO Board Approves Acquisition of German Behr-Hella Thermocontrol GmbH ("BHTC") to Advance Global Strategic Expansion into Smart Mobility Ecosystem". Yahoo Finance. 2 October 2023. Retrieved 4 October 2023.
- ^ Daly, Erin (20 September 2012). "AUO Corporation Fined $500M, Execs Jailed For LCD Price-Fixing". Law 360. Portfolio Media, Inc. Retrieved 1 June 2015.
- ^ Ingram, David (10 July 2014). "U.S. court rejects AUO Corporation appeal of $500 million fine" – via Reuters.
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