May 23, 2012

AUO sells stake in venture to Wistron

AU Optronics Corp. (AUO), has decided to sell its stake in a LCD module joint venture with local EMS provider Wistron Corp.

According to a report by a local news outlet, AUO will sell its 51 percent stake in the venture to Wistron, which previously owned 49 percent. AUO said it still provided supplys to Wistron however.

Established in August 2010, the AUO-Wistron venture operated a module production factory at the Zhongshan Torch Hi-tech Industrial Development Zone in Guangdong Province, China.


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Source: news.cens.com
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