LCD panel maker HannStar Display disclosed that it will purchase part of the plant and facilities from the affiliated HannsTouch Solution at a price of NT$2.77 billion (US$95.5 million) to build a mini/microLED production line.
HannStar Display is the largest shareholder of HannsTouch with a shareholding ratio of 26.6%.
HannStar Display is purchasing the first three floors of the 6-story building. HannStar Display pointed out that the top three layers are currently occupied by HannsTouch's touch sensor production lines, which meet the needs of smart phones and tablet PC panels.
HannStar Display said that the company has been cooperating with equipment and material suppliers to prepare micro LED backlight panels for wearable devices, tablets, notebook computers and car displays, adding that it also plans to enter the development of microLED panels And production.
HannStar Display’s consolidated revenue for the third quarter of 2020 was NT$5.438 billion, gross profit margin was 36.86%, and net profit was NT$1.643 billion. From January to September, Hanxing’s consolidated revenue was NT$12.511 billion, gross profit margin was 17.56%, operating profit was NT$853.1 million, and net profit was NT$1.071 billion.
In the third quarter, HannStar Display shipped 4.641 million 19-inch panels of the same size, with an average selling price of US$40, an increase of 9.4% from the previous quarter. Shipments include 155 million small and medium-sized panels, 550,000 large-sized panels and 120,000 Hansplein own-brand LCD monitors.
In the third quarter's revenue, 6-inch and below mobile phone panels accounted for 44%, 6.2-10.1-inch mobile phone panels accounted for 43%, and 11-inch or more mobile phone panels accounted for 13%.
Hanns Touch announced the third quarter consolidated revenue of 700.6 million Taiwan dollars, gross profit margin of 19.46%, net profit of 73.6 million Taiwan dollars, January-September consolidated revenue of 2.152 billion Taiwan dollars, gross profit margin of 19.17%, net profit of 139.3 million Taiwan dollars.