many international enterprises are developing LED flexible display technology

The company’s creditor bank has been pursuing the company to obtain their financial claim but has yet to hear anything from the company.Chimei used to be a superior company in the Taiwanese LED world. Even with two rich shareholders like Innolux Corportation and Chimei Cooperation, the company still went out of business. The main reason comes from the fact that solid capital and high government subsidy plans in China for the LED market have made Chinese manufacturers a strong competitor with low prices. Also, due to this abundance of competition slowing down in China, the same type of situation has now spread to Taiwan.

With shareholder Chimei Cooperation fading out the technology industry, Innolux not using Chimei Optoelectronic made chips, and other LED companies refusal for corporate acquisition.Chimei Optoelectronics bankruptcy is a situation Taiwanese LED manufacturers refuse to acknowledge, but it is actually a good development for the entire LED industry. It will cause the supply and demand to become more balanced. That being said, the creditor bank for Chimei suffers most from the situation.Before 2011, all chips produced by Chimei had good luminous efficacy, supplying companies like big packing manufacturer Everlight. LED epitaxy manufacturer Epistar even considered merging with Chimei during their horizontal integration.


According to reports, many international enterprises are developing LED flexible display technology, including Samsung, LG and SONY, but have yet not achieved industrialization. The release of this flexible LED display marks that Visionox has broken through many technical difficulties such as bonding and stripping of flexible substrate, precision graphicness of flexible film, and thin film encapsulation of a flexible panel.