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Innolux ranked as 2nd largest TV panel supplier globally in Q1
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Taipei, April 29 (CNA) Innolux Corp., one of the leading flat panel makers in Taiwan, was the second largest TV panel supplier in the world in the first quarter of the year, according to market advisory firm TrendForce Corp.

In the first three months of the year, Innolux's global shipments of TV screens totaled 9.94 million, the second-highest number worldwide, TrendForce said, citing data from panel researcher WitsView.

However, Innolux's first-quarter shipments were 9.3 percent lower than in the previous three months due to slower demand for some high priced TV panels, including 39.5-inch models, TrendForce said.

Another factor was Innolux's failure to increase its yield rates for high-end TV panel production, the market advisory firm said.

Nonetheless, Innolux moved up one notch in the rankings to second place, behind LG Display Co. of South Korea, which shipped 12.63 million TV panels in the first quarter, Trendforce said.

Although LG held on to the top spot, its TV panel shipments fell by a quarterly 7 percent mainly because part of its TV panel production capacity was allocated to other types of screens, Trendforce said.

In third place was BOE Technology Group of China, with shipments of 9.41 million TV screens, down 2.8 percent from a quarter earlier, the data showed.

Despite the drop in the total shipments, BOE recorded a 26.6 percent quarterly increase in 43-inch TV panel shipments based on competitive pricing, TrendForce said.

Another Chinese company, China Star Optoelectronics Technology Co. was ranked fourth with shipments of 8.97 million TV panels, rising one notch from the previous quarter, according to the data.

However, the company registered a 3.3 percent quarterly decline in shipments because it failed to increase capacity on its production lines during the first-quarter slow season, but the fall was moderated by solid demand for ultra-high definition TV screens, TrendForce said.

Samsung Display Co. of South Korea fell from second to fifth in the global rankings, with a 27.6 percent quarterly drop in shipments to 8.86 million units after it discontinued its 7th generation production line in December, TrendForce said.

Taiwan's AU Optronics Corp. (AUO) remained in sixth place, recording first-quarter shipments of 6.63 million TV panels, a decline of 6.7 percent from a quarter earlier, TrendForce said.

Despite the decline in the overall shipments, AUO saw a 3.8 percent quarterly increase in 65-inch TV panels, the data showed.

Global shipments of TV panels totaled 60.16 million units in the first quarter, a quarterly decline of 10.7 percent, TrendForce said.