Shunhong Technology Will Reach A Final Acquisition Agreement With JDI Before The End Of The Year

- May 21, 2019-

It is reported that Taiwan's touch panel manufacturer Yuhong Technology (TPK) recently said that it will make an final decision on an investment agreement with Japan Display (JDI) before the end of the year.

 

In April this year, Shunhong Technology said that it has signed a $230 million letter of intent with the consortium Suwa Investment Holdings to acquire a 49.82% stake in JDI for 60 billion yen ($55.7 billion).

 

As the consortium revealed in early May that JDI's business prospects will be further evaluated before signing the final agreement, the market speculated that the acquisition negotiations may have reached a deadlock.

 

Michael Chiang, chairman of Shun Hong Technology, denied the rumor that the review process would not take too long and expected to make a decision before the end of the year.

 

In commenting on the prospects of the touch panel industry, Chiang said that 2019 will be a tough year for the entire industry and the company, and the company's sales this year will not increase significantly. However, the company will redouble its efforts to maintain profitability. In the first quarter of 2019, the company earned NT$192 million (US$6.139 million).

 

At the same time, after the silver nanowire (SNW) touch technology has been verified by five customers, Chiang said that the company will begin mass production of SNW touch solutions in the fourth quarter of 2019, and production will surge in 2020, followed by 2021-2022. The year is growing further.

 

For the future of silver nano touch technology, Chiang is full of confidence, especially for large-scale whiteboard applications. He said that users now have adopted their SNW solution in their 65-inch, 75-inch and 85-inch whiteboards.