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Business

Foxconn unit Innolux aims to become TV assembler amid potential panel supply glut

Analysts warn TV display price to keep falling until the end of 2017

AUO’s Chairman Paul Peng said there would be some price correction in the panel market in the second half of 2017. (Photo by Cheng Ting-Fang)

TAIPEI -- Major Taiwanese panel maker Innolux, a subsidiary of Hon Hai Precision Industry, also known as Foxconn Technology Group, said on Wednesday it aimed to expand its television assembly business amid concerns about the falling price of panels and a likely supply glut ahead.

"The year of 2017 would be our first year of TV-assembling and that would be our long-term strategy to grow this business," said Innolux's President and Chief Operating Officer Robert Shiao Chih-Hung during an earnings briefing.

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