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LCD Manufacturer Tianma Microelectronics Acquires Full Ownership in Multiple Fabrication Lines
|By Business Wire
|August 6, 2014 11:25 AM EDT
In a move to strengthen its position as a leading supplier in the LCD
Microelectronics Co., Ltd., Shenzhen, China, has completed the
acquisition of its five production lines in Japan, Shenzhen, Shanghai
and Wuhan, and increased its investment in its Chengdu facility.
After this restructuring, Tianma will own 100% shares of Shanghai
Tianma, Wuhan Tianma, Shanghai AVIC, and Shenzhen AVIC (2 lines), and
70% shares of Chengdu Tianma. Prior to this, Tianma Microelectronics
Co., Ltd. had held controlling interests in the six lines. As a result
of the stock acquisitions, the combined assets of the company are
expected to surpass RMB 10 billion (USD 1.6 billion).
This consolidation of the company’s fabrication line assets will
optimize product planning and production, increasing efficiency and
creating more flexibility in customer support, including faster response
times and time to market. The company will have all operations from
front- to back-end completely in-house for its state-of-the-art STN-LCD,
CSTN-LCD, TFT-LCD, AMOLED, and CF production lines. A major part of
Tianma Microelectronics’ strategy is to strengthen its position as a
Tier One supplier to the American marketplace.
“As we work to expand our market presence in the Americas and to provide
the best support to our customers, we are very excited to see strong
corporate efforts to optimize our operations and strengthen the company
structure,” said Lesa Qu, President of Tianma
NLT America, Inc. “We feel that these efforts will lead to
substantial improvements in the level of service we can provide to our
customers by taking advantage of improved production flexibility, gains
in efficiency and a faster decision-making process.”
For more information, contact Tianma NLT America, Inc., 2801 Scott
Blvd., Santa Clara, CA 95050. 1-408-816-7010; [email protected];
About Tianma NLT America
NLT America, Inc. (TNAM) was established in November 2013 as a joint
venture between Shanghai AVIC Optoelectronics Co., Ltd. and NLT
Technologies, Ltd. TNAM is focused on providing the Americas with LCD
products specifically for industrial and professional applications. With
an extensive lineup of 2.X to 21.X-inch active-matrix LCD modules and a
network of best-in-class distributors and value-added partners, Tianma
NLT America provides complete display module solutions to a broad base
of customers and applications. The range of LCD modules offered includes
ultra-high resolutions, wide temperature ranges, high contrast ratios,
rich color gamut, backward compatibility, LED backlights, and
transflective viewing for use in diverse lighting environments.
Tianma NLT America is committed to delivering innovative,
high-performance, eco-conscious LCD solutions that address the diverse
size, power and high image-quality needs of our industrial, medical,
professional and high-end monitor customers. Based on technologies
developed by NLT Technologies and other Tianma Group companies, the LCD
modules are optimized and designed for a wide range of applications,
including portable and stationary medical equipment, test and
measurement devices, instrumentation equipment, point-of-sale and ATM
systems, gaming systems, global positioning systems, radio-frequency
identification devices and barcode scanners.
Additional information can be found at http://www.tianma-nlt.com
The content in this press release, including, but not limited to,
product prices and specifications, is based on the information as of the
date indicated on the document, but may be subject to change without
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