TAIWAN: The overall production value of Taiwan's flat panel display industry reached NT$1.32 trillion in 2009, despite the impact of the 2008 global financial crisis and weak consumer electronics market demand.
Looking back on 2009, Taiwan panel makers faced a variety of challenges, including a drop in market-share, decreased capacity utilization, antitrust investigations, and order cancellations from major-brand customers.
In response to global competition from Samsung and LGD, as well as environmental pressures within the industry, Taiwan's Innolux Display merged with TPO Display and Chi Mei Optoelectronics to form the Chimei Innolux Corp. (CMI) in 2009. This integration of resources, which made CMI the world's third largest panel producer, is expected to have a significant impact on the global panel market.
In addition, after evaluating Taiwan¡¦s global competitiveness and domestic labor conditions, and on the premise of ensuring ¡§technological superiority and investment priority¡¨ for the island, the Executive Yuan approved the liberalization of restrictions for panel investment in China on February 26, 2010.
With the global economy recovery and the effects of CRT TV replacement in 2010, panel demand is expected to gradually rise; and the government will continue to monitor LCD companies' needs, so as to promote industrial restructuring and enhanced industry value.
At the same time, in order to protect the natural environment, the government will encourage LCD companies to participate in volunteer CO2 emissions reduction, replace antiquated equipment and facilities, and increase efficiency for resource utilization for sustainable industrial development through maximizing resource utilization and protecting the industry environment.
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