Koninklijke Philips N.V.
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Publicatie datum
10 nov 2005 - 08:53
Statutaire naam
Koninklijke Philips N.V.
Titel
PHILIPS AND TOPPOLY TO FORM LEADING MOBILE DISPLAY COMPANY
Bericht
November 10, 2005
PHILIPS AND TOPPOLY TO FORM LEADING MOBILE DISPLAY COMPANY
Company to offer competitive customer solutions by combining technology capabilities, Intellectual Property, production resources and customer outreach
Amsterdam, The Netherlands, Chu-Nan,Taiwan - Royal Philips Electronics (NYSE: PHG, AEX: PHI) of The Netherlands and Toppoly Optoelectronics Corporation of Taiwan today announced they have signed a binding letter of intent to join forces in mobile displays by merging Philips’ Mobile Display Systems (MDS) business unit with Toppoly to create a leader in mobile display technology. The company will be named “TPO”. Upon completion of the transaction, TPO’ s principal shareholders will be Compal Electronics Inc. (of Taiwan): 25.1%, Philips: 17.5%, and UniPresident Enterprises Corp. (of Taiwan) with 3.5%.
TPO aims to be one of the world’s leading solution providers in the mobile display industry by combining Philips’ and Toppoly’s respective strengths and resources. The deal will result in an innovative and highly competitive entity in mobile displays, offering an extensive product and technology portfolio.
Toppoly has state-of-the-art production facilities with substantial production capacity in Taiwan and China for advanced mobile display technologies, such as low temperature polysilicon (LTPS) and active matrix organic light emitting diodes (AMOLED). The company, which successfully pioneered LTPS, has a high performance product portfolio, fast time to market and an extensive customer base of diversified applications.
Philips will contribute its substantial intellectual property portfolio and its advanced technology in cooperation with Philips Research, as well as its long-term relationships with a wide, global customer base and a successful track record in product quality.
“Through this merger, we will create a global industry leader that is innovative and provides sustainable competitive advantages for the long term. By teaming up wi
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