2023-12-20 06:37:11
AUO confirmed that it will close its Singapore factory before the end of this month. (File photo from this publication)
Due to sluggish demand for LCD screens, Taiwanese panel manufacturer AUO will shut down its panel production line in Singapore before the end of this month and transfer production equipment to Taiwan, affecting regarding 500 employees. In this regard, AUO confirmed the news of the plant closure.
according to”Nikkei Asian Review” reported that due to sluggish demand for liquid crystal display screens (LCD), AU Optronics will close its panel production line in Singapore at the end of December, affecting up to 500 employees. Three senior executives revealed that AUO has notified equipment manufacturers to ship production equipment back to Taiwan from Singapore. Some Taiwanese employees working in the factory can choose to return to Taiwan or be transferred to Vietnam; AUO is currently expanding its display presence in Vietnam. Module production capacity.
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One source said, “Sadly, this is probably the fate of the LCD industry.” Another source revealed that most of the equipment will be moved to the Longtan factory, which is vigorously developing Apple’s microLED display technology.
AU Optronics confirmed the news of the closure, saying, “We are grateful for the contribution of the nearly 500 employees at the Singapore factory.” The contracts of most production line employees will be terminated with the closure of the factory, and some employees will stay until the first quarter of 2024 to handle the closure. .
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