Innolux’s chairman and CEO, Tuan Hsing-chien, told investors this week that the company will increase its capital expenditure significantly this year to NT$35 billion ($1.1 billion), up from NT$20.5 billion ($655.4 million) last year. Tuan said that the money will be used to expand manufacturing capacity and will also be spent on research and development.
The announcement came as Innolux announced strong results for last year, recording a fourfold increase in net profit to NT$21.7 billion ($693.8 million) (Innolux Result 11/02/2015). The company says it expects global demand for panels to remain strong this year and after a slow first quarter, sequential growth is expected for the rest of 2015.
