Latest news with #AUO
The Hindu
20-05-2025
- Business
- The Hindu
Hockey India awaits government guidelines for Asia Cup; no decision yet on Pakistan's participation
Amid reports of the Pakistan Hockey Federation (PHF) seeking visa guarantees for the upcoming Asia Cup, Hockey India (HI) made it clear on Tuesday that the nation comes first and the federation would abide by the government's advice on the matter. 'As of now, there have neither been any talks with the government nor any guideline or advisory from them. There is enough time at the moment, the Asia Cup is three months away and as and when something comes from the government, we will act accordingly,' HI secretary general Bhola Nath Singh said on the sidelines of signing a Memorandum of Understanding (MoU) with Amity University Online (AUO) here. Singh, who is also an Asian Hockey Federation (AHF) vice-president, insisted that there had been no discussion at the continental level either on the issue. 'I am with the AHF and HI but I am also an Indian and the country comes first. We have ambitious plans including hosting the Commonwealth Games and the Olympics but let the Indian government first say something, only then we can respond,' he added. Accommodate more European players Singh also announced that the 2026 season of the Hockey India League (HIL) will commence on January 5 to accommodate more players from Europe while categorically denying there were any pending players' dues from the previous season. HI has opened player registration for the forthcoming season and Singh said the decision was taken to avoid clashing with Christmas holidays which forced several players to skip the tournament when the HIL began on December 28. 'We want maximum participation and have decided to move the competition by a week. I can also confirm that there will be eight men and six women's teams. As for payments, all my players have got their dues cleared, there is nothing pending to my knowledge and any such reports are wrong. Discussions are also ongoing with the franchises and we will take a final decision on the venues depending on the suitability for everyone.' Singh, however, refused to say anything on Team Gonasika pulling out and about the possible replacements. Sources added that a trading window will be announced after the player registration period is over on August 20 to allow franchises to rework their team compositions, followed by a mini-auction to facilitate player release and new signings. Scholarships The MoU with AUO, meanwhile, will see the university offer comprehensive education courses for hockey players from state to international levels with scholarships ranging from 30 to 100 per cent to help them pursue higher education and training – the first time a National Sports Federation has formally established an educational system for its athletes. The AUO will also provide free access to a three-month certificate course in Sports Psychology for all athletes.
Yahoo
12-05-2025
- Business
- Yahoo
AUO to Showcase Micro LED and AI R&D Capabilities at SID 2025
Unlocking Interactive Applications Across Retail, Automotive, Wearables, AI PCs, and ESG Through Large-sized, Transparent, and Integrated Technologies 13' Micro LED HUD HSINCHU, Taiwan, May 12, 2025 (GLOBE NEWSWIRE) -- As the AI wave continues to expand, displays are becoming crucial interactive interfaces. Micro LED, poised to be the leading next-generation high-definition display technology, is set to realize its full potential thanks to its superior performance. AUO stands at the forefront of Micro LED display technology and is actively engaged in AI innovation. Under the theme "Beyond Vision．Enable Tomorrow," AUO will showcase its advancements in large-sized, transparent, and integrated Micro LED and AI applications at SID Display Week 2025, the premier global display technology event. These innovations will unlock significant breakthroughs across various fields, including retail, automotive, AR glasses, and AI PCs. Furthermore, AUO is revolutionizing green technology with the development of energy-efficient and eco-friendly FSC LCD and HiRaso ChLCD. This proactive approach addresses the high energy consumption challenges posed by displays and extensive AI computing, paving the way for a new era of sustainable, energy-saving displays in line with ESG goals. ● AUO's Breakthrough in Large-sized and Transparent Micro LED Opens Up a New Chapter of Mixed Reality Interactive Experiences Leveraging its expertise in Micro LED display technology, AUO has achieved new milestones in size and yield. The company's advancements in large-sized and transparent applications are exemplified by its 64'' large size tile, transparent Micro LED display, created by tiling the world's largest(*) 42' single-module transparent Micro LED displays. This display features high transparency, 1,000 nits brightness, a wide color gamut, and a seamless, three-sided borderless design. Its incredibly fine pixel pitch delivers ultra-high-definition, detailed visuals without blocking the background, catering to high-end needs and offering versatile applications in retail, art exhibitions, and commercial settings. AUO has also developed the world's first(*) 17.3' dual-sided transparent Micro LED display, further demonstrating its superior, high-transparency display technology. This innovative design optimizes crosstalk between the two sides, merging contemporary aesthetics with cutting-edge technology to seamlessly integrate visual information with the real world, opening up a new chapter of mixed reality interactive experiences. ● Micro LED Enhanced by AI Computing: Enabling Safe and Intelligent Cockpit Driving Interfaces AUO's automotive Micro LED Display HMI solution, which is set to revolutionize the human-machine interaction experience, marks the beginning of AI technology integration into Micro LED displays. AUO has launched a 13' Micro LED HUD that delivers high brightness and rich color saturation, ensuring clear visibility in both bright sunlight and dark conditions. Leveraging the compact size of Micro LED modules, this innovation addresses the challenge of limited space in vehicles. In addition, by integrating the instrument cluster, center console, and front passenger seat display through an in-vehicle computing solution, AUO has created a 47.5' Horizon Image Glass display interface. This panoramic design enhances the aesthetic appeal of the integrated cockpit while ensuring excellent visibility of the driving view and infotainment interface under various lighting conditions. Utilizing x-HUD multi-display technology, coupled with an AI-enhanced mixed reality camera monitoring system, further improves the visualization of driving scenarios. This elevates the smart cockpit beyond a mere information display, transforming it into a multifunctional transparent interface encompassing safe driving assistance, navigation, media streaming, and more. ● AUO Steps Up Efforts in the Augmented Reality (AR) Smart Glasses Market, Envisioning a Future of Mixed Reality To make AI applications more "visual," AUO is leveraging augmented reality (AR) technology. The company has exclusively and independently developed optical waveguide technology, manufacturing processes, and design concepts that can be integrated with generative AI for niche AR smart glasses applications. Utilizing nanoimprint SRG diffractive waveguide technology, virtual images are directly projected onto the eyeglass lenses, delivering exceptional brightness uniformity and high-definition display quality. The lightweight design makes the AR glasses slimmer, more comfortable, and visually similar to everyday eyewear. Furthermore, these glasses can be equipped with integrated AI hardware and software solutions, incorporating real-time translation, spatial recognition, and other emerging AI functionalities, significantly enhancing work efficiency and immersive interactive entertainment experiences. ● World's First(*) Self-Adjusting Viewing Angle Display: AI Eye-Tracking Saves 50% Power To deliver more innovative AI visual experiences, AUO has developed a 32" 2D/3D MNT. Through optical simulation, it combines a specially designed optical film with an 8K4K ultra-high-resolution screen. A low-crosstalk algorithm optimizes the 3D display, while built-in automatic eye-tracking technology instantly adjusts the 3D image and seamlessly displays both 2D and 3D windows simultaneously. Users can enjoy an immersive entertainment visual experience without needing any wearable devices. This also provides graphic designers with a new working environment and improved efficiency, breaking through the limitations of the two-dimensional interface. Also incorporating AI eye-tracking, AUO has leveraged the narrow-viewing-angle and parallel characteristics of collimated back light (CBL) along with one-dimensional viewing angle control (VAC) light-scattering technology. This has led to the creation of the world's first(*) 16" AI eye-tracking low power display. Featuring built-in intelligent facial recognition technology, the display can automatically determine the number of viewers and adjust or expand the viewing angle accordingly. It also boasts a 50% power-saving effect. Whether used for individual viewing or sharing with others, it delivers high-specification image quality with an ultra-high contrast ratio of 5000:1, ensuring the optimal viewing experience. ● AUO Develops Low-Power, Eco-Friendly FSC LCDs and HiRaso ChLCDs As technological innovation advances, the issue of ever-increasing energy consumption also arises. In response, AUO is promoting a synergy between displays, AI, and ESG-driven sustainability. To counter the energy challenges brought by high-performance computing, AUO has developed a 27' FSC LCD and a 32' HiRaso ChLCD. The FSC LCD utilizes a new liquid crystal material, integrating an ultra-high refresh rate, active RGB LED backlight technology, and an AI-optimized color separation algorithm. This achieves low color breakup, a wide color gamut, and low power consumption, delivering vibrant yet energy-efficient visual experience. The HiRaso ChLCD, employs AUO's exclusive HiRaso cholesteric liquid crystal bistable technology, offering advantages across a wide temperature range. It provides vibrant colors and a bright visual effect with 25% NTSC color gamut and can refresh content within three seconds. Resulting in ultra-low power consumption, exceptional durability, and energy-saving benefits, setting a new standard for sustainable, low-carbon living. Furthermore, AUO showcased an impressive 16 papers in the field of display technology selected for presentation at this year's exhibition. Among these, six papers focused on the theme of "Sustainable Displays and Green Technologies," addressing groundbreaking ESG-related topics such as waste management, applications of cholesteric liquid crystal (ChLCD) technology, display green labeling, product carbon footprint calculation methodologies, and brainwave applications. This not only highlights a commitment to balancing environmental protection and efficiency but also firmly demonstrates AUO's dedication to sustainable research and development and manufacturing practices. With its strong R&D capabilities in display technologies, AUO continues to lead the development of the industry ecosystem. These related R&D achievements have received wide-spread recognition. At the SID exhibition, Dr. Frank Ko, CEO and President of AUO, will deliver a keynote speech titled "Redefining Displays: Inspiring New Possibilities," sharing the diverse applications of innovative display technology and redefining the new dimensions of the future. *Based on market data as of May 12, 2025 (UTC+08:00), the date of this release. ＊Learn more about AUO at SID 2025： 【AUO X SID 2025 | Beyond Vision．Enable Tomorrow】 AUO photos can be downloaded at the Company's website: Any use of photographs must cite the source thereof as AUO Corporation. Follow AUO >> LinkedIn ABOUT AUO AUO was founded in 1996 and is an innovative, technology-oriented company that offers products and solutions with display-centric technology that push the boundaries for advanced display, smart mobility, industrial intelligence, healthcare, retail, enterprise, education and energy. The company is headquartered in Taiwan and has operations in Asia, the US, and Europe, with a global workforce of 41,000 employees. AUO is committed to ESG sustainability development and has been represented in the Dow Jones Sustainability World Index for 14 years. In 2024, AUO's consolidated net revenue was USD 8.57 billion. Further information about AUO can be found at: Safe Harbour Notice AUO Corporation ('AUO' or the 'Company') (TWSE: 2409), a global leader of TFT-LCD panels, today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release include 'forward-looking statements.' These forward-looking statements are based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the flat panel display industry, the TFT-LCD market, acceptance of and demand for our products, technological and development risks, competitive factors, and other risks. In addition, our Annual Report contains other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. We undertake no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances. A photo accompanying this announcement is available at CONTACT: For more information, please contact: Corporate Communication Division Jessie Lee / Director Tel: +886-3-5008800 ext 503206 Email : Joye Hsueh Tel: +886-3-5008800 ext 502782 Email :
Nikkei Asia
01-05-2025
- Business
- Nikkei Asia
Tariffs push Apple closer to Asia and Alibaba challenges DeepSeek
Hello everyone! This is Lauly, sending greetings from Taipei. Usually, people in Taiwan enjoy a four-day holiday at the beginning of April -- Children's Day and Tomb-Sweeping Day (a bit of an odd combination, I know). But this year was different, at least for people involved in the tech and media industries, thanks to Donald Trump's "reciprocal" tariffs. An industry friend jokingly said that the U.S. president had turned the holiday into a real "tomb-sweeping day." Personally, the first two weeks after Trump's announcement were a nightmare as I chased sources across the supply chain for their reactions, tried to comprehend myself what was going on, and on top of that took care of my son, who was sick the entire time. I was particularly stunned when I found out that a scoop my colleague and I had drafted the night before had become nearly useless the next morning after Trump suddenly said that every country except China would have a 90-day grace period on the new tariffs. We had to start over, going back to sources and reworking the story. I shared my feelings with a long-time industry friend and he said, "Now you know how we have felt everyday since April 2." Almost everyone I've met recently has had big dark circles under their eyes. Paul Peng, chairman of leading Taiwanese display maker AUO, said: "People asked what we should do. I have only two pieces of advice: Eat well and sleep well." I think such a calm mindset is what I needed, too. After working feverishly for three weeks, including weekends, I left everything behind and made a spontaneous short trip with my family to Sun Moon Lake in the central Taiwanese city of Nantou last week. It was the best decision I made recently. The weather was perfect and the turquoise lake, stretching out toward misty, forested mountains, radiated tranquility. Sun Moon Lake always has a magic ability to immediately relax your muscles, make your breath deeper and calm your mind. If you ever come to Taiwan, I highly recommend a trip to Sun Moon Lake. The short trip -- which included a wonderful nighttime firefly tour that my son absolutely loved -- helped recharge my energy and reset my exhausted brain. The tariff war was just as chaotic when I returned to work this week, but I feel I have more capacity to cope with the uncertainties. And nothing lasts forever, after all. A senior executive with an Apple supplier who has been in the industry for more than 40 years told me he thinks the tariff war will de-escalate in two or three months and then the supply chain should have a clearer picture of what to do next. "And let's see," he added, "whether the tariff war will 'Make America Great Again' or "Make America Great Alone.'" In other news, #techAsia will be taking a break next week due to the Golden Week holiday in Japan. We will be back to our regular schedule on May 15. See you then! Opposite outcome What was the first response by Apple when the Trump administration escalated tariffs on Chinese imports to as high as 145%? Instead of rushing to bring production home, it doubled down on Southeast Asia and India. The Cupertino-based tech giant's immediate strategy to deal with the tariff war shows just how far off a "Made in America" iPhone remains, even if Trump and his commerce secretary, Howard Lutnick, insist otherwise, write Nikkei Asia's Lauly Li and Cheng Ting-Fang. Apple helped suppliers to buy equipment to boost production, told suppliers that the majority of U.S.-bound iPhones, MacBooks and iPads need to be made in India and Vietnam, and rushed more component production to Thailand, as Nikkei Asia first reported in mid-April. However, the reality is that even Southeast Asia and India -- where Apple and other electronics makers have been pushing hard to diversify production for years -- still struggle to compete against China and its ultra-efficient supply chain, never mind moving such manufacturing to the U.S. Shifting an entire supply chain is extremely challenging. For instance, while some MacBooks, Mac Mini and iMacs are now labeled "Made in Vietnam" or "Made in Thailand," not all of the components were produced or all of the assembly carried out there due to lack of sufficient technicians, skilled workers, while some low-margin components are not yet feasible to be moved out of China. Cluster effect Chinese tech giant Huawei is making strides in the artificial intelligence chip market, having started deliveries of its advanced AI "cluster" to domestic clients, writes the Financial Times' Zijing Wu. The move comes as Chinese companies face increasing limitations on accessing Nvidia's high-end semiconductors because of tightening U.S. export controls. Sources indicate that Huawei has already sold over 10 sets of its CloudMatrix 384, a system that interconnects a substantial number of AI chips. These initial deliveries are destined for data centers serving various Chinese tech firms. Industry analysts have been impressed by Huawei's rapid development and deployment of CloudMatrix. "The development of Huawei's CloudMatrix 384 means China now has an AI system capable of beating Nvidia's," said Dylan Patel, founder of chip consultancy has told clients its CloudMatrix performs significantly better than Nvidia's popular NVL72 cluster in terms of computing power and memory, according to a company presentation reviewed by the Financial Times and people with knowledge of the matter. CloudMatrix 384 does have several disadvantages, including higher energy consumption and more demanding software maintenance. But given China's abundant power resources and engineering talent, it still represents a compelling alternative for clients now restricted from Nvidia's most advanced technology, said people with knowledge of the sales. AI optimism Unimicron, Taiwan's leading supplier of chip substrate and printed circuit boards, expects strong demand from high-end AI data centers to drive higher growth -- if the tariff war between the U.S. and China does not escalate further, Nikkei Asia's Cheng Ting-Fang and Lauly Li write. "So far, we don't see any customers adjusting their orders due to the tariffs, but overall we do have concerns that higher tariffs or escalating geopolitical tensions could hit global demand and eventually, directly or indirectly, impact orders," company chairman T.J. Tseng said. Unimicron, which counts Nvidia, Intel and Apple among its customers, is currently building its first manufacturing facility in Thailand, with plans for it to enter production in the second half of this year. Tseng said his company has been considering investing in the U.S. in response to recent geopolitical developments, but has no concrete plans to do so at the moment given the lack of a supply chain and customer demand to support such a move. Alibaba's DeepSeek riposte The AI model race in China is getting hotter and hotter. E-commerce giant Alibaba released Qwen3, the latest generation of its open-source large language model family, in a bid to challenge DeepSeek in artificial intelligence capabilities and efficiency, writes Nikkei Asia's Cissy Zhou. Alibaba said Qwen3 sharply reduces computing power compared with its peers and that its flagship Qwen3-235B-A22B outperforms a number of models released by major rivals -- namely DeepSeek-R1, OpenAI-o1, Grok-3 and Gemini-2.5-Pro -- in a range of benchmark tests. These include mathematical reasoning, coding proficiency, and tool and function calling capabilities, a measure of a model's ability to select and use the best external tools for a task. The highly anticipated release, which local media says took around seven months of work, comes as competition heats up among Chinese AI companies, particularly since the emergence of DeepSeek early this year. Last week, Baidu released two new AI foundation models that it claims cost "a fraction" of comparable offerings from DeepSeek. Suggested reads 3. (Nikkei Asia) 4. Samsung warns US tariffs will dent memory chip and smartphone sales (FT) 5. (FT) 6. Japan's lower house passes AI bill as nation targets Western investment (Nikkei Asia) 7. Intel CEO Lip-Bu Tan hints at foundry collaboration with TSMC (Nikkei Asia) 8. China and South Korea extend battery battle from EVs to grid storage (FT) 9. TikTok to enter Japan e-commerce as it seeks expansion outside US (Nikkei Asia) 10. Apple aims to source all US iPhones from India in pivot away from China (FT)
Yahoo
08-04-2025
- Business
- Yahoo
AUO Showcases Diverse Display Solutions Driven by Revolutionary Display Technology at Touch Taiwan
Trailblazing Micro LED, premium AI and green technology will be AUO's focus at the show 17.3-inch dual-sided transparent Micro LED display HSINCHU, Taiwan, April 08, 2025 (GLOBE NEWSWIRE) -- Under the theme "Beyond Vision - Create the Ultimate," AUO will showcase advanced technology at Touch Taiwan 2025, the annual gala for the display industry, taking place at the Taipei Nangang Exhibition Center April 16-18, 2025. Leveraging its leading display technology and solutions, AUO continues to navigate trends and push limits. AUO leads its subsidiaries and ecosystem partners to showcase an array of innovative products that represent breakthroughs in display technology, dimensions and forms at three exhibition zones in line with the company's core operating pillars: Display, Mobility Solution, and Vertical Solution. Together with its customers and value chain partners, the company will present smart display solutions in real-world scenarios as well as diversified integrated solutions across smart retail, enterprise, medicine and other fields, driving a more intelligent and intuitive user experience and unlocking the future of vision with greater value and convenience. Advanced Display Solutions featuring Innovative Dimensions, Forms, and Technology, Boosting Cross-domain Applications for AI-driven Security Protection and Energy-efficient Green Technologies AUO's Micro LED will lead the way in demonstrating the company's breakthroughs in advanced displays at two exhibition zones: 'Display' and 'Mobility Solution'. In response to the massive power consumption and privacy issues caused by AI computing and training amid global digital transformation and the growing awareness of environmental protection and low-carbon emission, AUO is also actively developing advanced display solutions for energy saving and privacy protection purposes to create added value for future applications. The World's Largest Single Module, Offering Infinite Tilting Possibilities, and The Thinnest Screen, Delivering Transparent Interactive Experience AUO's showcase will include Micro LED products created, for the first time, in partnership with customers, such as: a collaborative 127-inch TV made of the world's largest* single module 42-inch Micro LED displays developed by AUO with a display brightness of up to 1000nits; and a full range of Micro LED TVs in collaboration with Samsung Electronics, using AUO's Micro LED backplane technology and borderless design for infinite tilting possibilities. Through efforts to increase the yield rate of large-sized modules and optimize cost-effectiveness, AUO has maintained exceptional color performance on ultra-large screens and redefined the display experience, raising the bar for commercial applications and enjoyable entertainment. In addition to visual impact, AUO has further enhanced the interactive features of its displays to deliver a more engaging user experience and enhance communication efficiency. The world's thinnest* and first-of-its-kind 17.3-inch dual-sided transparent Micro LED display is designed to show different information on each side, creating a distinctive "transparent" interactive experience. Among its use cases are interactive, first-class cabin interfaces that facilitate seamless communication between passengers and flight attendants via real-time translation on a transparent screen. The display also has use in commercial advertising, home decoration, points of sales and many other fields where the display can increase tech and style while also transmitting information. Advanced Security Protection, Large-Sized Energy-Saving Displays Catering to AI and Green Trends, Catalyzing Digital and Low-Carbon Transformation By removing the need for color filters, Field Sequential Color LCD (FSC-LCD) triples the backlight use rate, assuring low energy consumption, in contrast to ordinary LCDs that have a high energy consumption. Based on this innovative, green technology, AUO has developed the world's first* large-sized, high-resolution, energy-efficient and wide-color-gamut 65-inch 8K FSC LCD. Leveraging novel liquid crystal materials, it is powered by an ultra-high refresh rate, active RGB LED backlight technology and an AI-optimized algorithm to achieve low color break-up and superior color gamut resolving image flicker and visual fatigue experienced in previous-generation FSC displays. In addition to providing better display effects, AUO's FSC LCD is expected to contribute to digital and low-carbon transition by consuming less power as it becomes bigger, compared to other displays of the same dimensions. In response to the privacy protection needs arising from the use of massive data databases for AI model training and commercial applications, AUO has created a 16-inch Security Protection Display. It adopts a specialized custom watermark that is invisible to the naked eye and only appears when a camera is filming. It ensures that viewers can browse clear images as usual, while at the same time preventing improper image capture, unauthorized filming and data leakage. The solution may also be paired with an AI camera in the future to automatically detect individuals nearby or approaching cameras and instantly reveal or conceal the watermark, greatly improving the data security of using displays in public places and establishing a convenient and reliable interactive environment. AUO Smart Cockpit to Redefine Smart Mobility Experience at Touch Taiwan 2025 AUO, together with its subsidiary BHTC, has fused state-of-the-art Micro LED display technology with automotive computing solutions, to create a new display experience in the cockpit and a complete range of smart mobility solutions. At the "Smart Mobility" exhibition zone, AUO is presenting its Smart Cockpit 2025, a crowd favorite from CES 2025, as well as BHTC's sophisticated automotive HMI solutions and integrated control systems, highlighting the company's prominent progress in redefining the smart mobility experience. AUO's Smart Cockpit 2025 incorporates Micro LED technology to deliver advantages in transparency, large size and flexibility. Together with BHTC, the company brings to life its vision for the future of mobility through a stunning array of automotive Display HMI solutions, including the Virtual Sky Canopy, the XR Interactive Window, the Morphing Center Control, the Foldable Cruise Pilot, and the Horizon Image Glass. These brilliant Micro LED applications, which extend across the sunroof, side windows, center console and steering wheel, create an immersive, user-centric HMI amplified by AI. This provides both drivers and passengers with an intuitive experience and intelligent cockpit. Intuitive, safe and visually appealing, the disruptive design of force-sensitive, immersive displays BHTC has leveraged extensive expertise in HMI design to introduce the Micro LED-based, foldable, force-sensitive Haptifold Display. This solution integrates the center console and temperature control functions, and applies an avant-garde, minimalistic design language to improve space efficiency and comfort. The haptic feedback also makes driving safer and more intuitive. The Holographic HeadUp Display (HHUD) combines AR-HUD and PHUD functions in a single module to balance optimal performance and aesthetically pleasing design. With a screen brightness of up to 5000 nits, visibility in bright light – as well as a safe and immersive driving experience – is guaranteed. Touch Taiwan will host the 2025 International Smart Display Application Conference, where AUO and its subsidiaries will give speeches on display-related topics. In particular, AUO's Chief Technology Officer Wei-Lung Liau will discuss the trends of smart display applications in a speech titled 'Navigating the Future of Display.' Other speakers include: Ivan Wu, Vice President of Display Product R&D who will introduce the future of Micro LED applications; and Michael Jaeger, CEO of BHTC, who will share his insights into smart cockpit and display solutions. * Based on the available market research information as of April 8, 2025 (Taiwan time). AUO photos can be downloaded at the Company's website: Any use of photographs must cite the source thereof as AUO Corporation. Follow AUO >> LinkedIn ABOUT AUOAUO was founded in 1996 and is an innovative, technology-oriented company that offers products and solutions with display-centric technology that push the boundaries for advanced display, smart mobility, industrial intelligence, healthcare, retail, enterprise, education and energy. The company is headquartered in Taiwan and has operations in Asia, the US, and Europe, with a global workforce of 41,000 employees. AUO is committed to ESG sustainability development and has been represented in the Dow Jones Sustainability World Index for 14 years. In 2024, AUO's consolidated net revenue was USD 8.57 billion. Further information about AUO can be found at: Safe Harbour Notice AUO Corporation ('AUO' or the 'Company') (TWSE: 2409), a global leader of TFT-LCD panels, today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release include 'forward-looking statements.' These forward-looking statements are based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the flat panel display industry, the TFT-LCD market, acceptance of and demand for our products, technological and development risks, competitive factors, and other risks. In addition, our Annual Report contains other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. We undertake no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances. A photo accompanying this announcement is available at CONTACT: For more information, please contact: Corporate Communication Division Jessie Lee / Director Tel: +886-3-5008800 ext 503206 Email : Joye Hsueh Tel: +886-3-5008800 ext 502782 Email : in to access your portfolio
Globe and Mail
01-04-2025
- Business
- Globe and Mail
Smartkem Reports Fourth Quarter and Full Year 2024 Financial Results
MANCHESTER, England, April 1, 2025— Smartkem (NASDAQ:SMTK), which is seeking to change the world of electronics with a new class of transistor technology, today provides a business update and reports financial results for the three and twelve months ended December 31, 2024. Smartkem Chairman and CEO, Ian Jenks, commented: 'During the fourth quarter of 2024, Smartkem made bold strides towards commercializing our advanced semiconductor materials, which enable flexible, transparent and lightweight MicroLED displays, an industry projected to grow to over $4 billion by 2030. 1 We delivered on every key milestone during the quarter, and in December, we raised $7.65 million in equity financing and received a $1.1 million grant from Innovate UK – critical funding to supercharge our momentum, expand our resources, and support our ongoing programs. ' Our commercialization strategy is built on three pillars: advancing our polymer materials, developing EDA tools, and establishing scalable manufacturing processes. Concentrating on executing this strategy, we established some key goals for 2025, which included: Commencing development work on a rollable, transparent MicroLED display with our partner, AUO; Completing first sale of our TRUFLEX® materials to Chip Foundation under the terms of our co-development agreement; Extending Technology Transfer Agreement with RiTdisplay to transfer Smartkem's OTFT process from ITRI to RiTdisplay's Gen2.5 line; Entering into a joint development agreement for a 'chip-first' MicroLED display; Entering into additional collaboration and/or co-development agreements that further advance our technology toward commercialization; and Producing a demonstration of a MicroLED display using our OTFT technology. 'Our early wins in 2025, including the project commencement with AUO and the first commercial sales of our TRUFLEX® advanced semiconductor materials show our focus on accelerating towards commercialization of our technology. We are well on our way to delivering further objectives set out including additional joint development agreements and product demonstrations at upcoming industry events. I look forward to updating you of our progress throughout the year as we continue to solidify our position as a global leader in organic transistor technology that has the potential to change the world of electronics,' added Jenks. Recent Business Highlights Advanced strategic partnership with RiTdisplay Corporation, a leading developer of optoelectronic solutions, visual displays and passive-matrix OLED displays, in a new phase toward commercialization, including the planned integration of Smartkem's OTFT process on to RiTdisplay's Gen 2.5 Pilot Line. Positioned to unveil the first MicroLED-in-a-Package (MiP) Backlight using Smartkem's unique and proprietary technology at this year's Touch Taiwan conference in Taipei City, Taiwan which runs from April 16-18 th 2025. Completed first sale of TRUFLEX ® semiconductor materials to joint development partner, Chip Foundation, a manufacturer of semiconductor and integrated circuit devices, for use in the co-development of a new generation of MicroLED-based backlight technology for Liquid Crystal Displays. Signed multi-year agreement with FlexiIC, a company providing innovation in the design of flexible integrated circuits and systems, to begin a new project to develop a new generation of CMOS for smart sensors. Partnered with AUO, the largest display manufacturer in Taiwan, to jointly develop the world's first advanced rollable, transparent MicroLED display. Appointed Jonathan Watkins as Chief Operating Officer (COO), with responsibility for global operations and strategic partnerships. Participated at SEMICON® Korea 2025. Full Year 2024 Financial Highlights: Completed concurrent public and private offerings in December 2024 for aggregate proceeds of $7.65 million. Received and accepted a £900,000 (USD 1.1 million) grant from Innovate UK for a project partnership with AUO to develop a rollable, transparent MicroLED display. Cash and cash equivalents were $7.1 million as of December 31, 2024, compared to $8.8 million as of December 31, 2023. Revenues were $82 thousand for the year ended December 31, 2024, up compared to $27 thousand for the same period of 2023, primarily due to an increase in the sale of demonstrator products to potential partners, as the company sought to expand its marketing efforts. Operating expenses were $11.5 million for the year ended December 31, 2024, compared to $10.8 million for the same period of 2023. About Smartkem Smartkem is seeking to change the world of electronics with a new class of transistor using its proprietary advanced semiconductor materials. Its technology can be used in a range of applications including MicroLED, LCD and AMOLED displays, as well as advanced computer and AI chip packaging, and a new type of sensor. In seeking to enable the adoption and mass commercialization of MicroLED displays, Smartkem's low temperature (80C) process allows its liquid transistors to be poured directly onto the MicroLEDs, eliminating many of the high-cost, low-yield manufacturing processes used in traditional production. This innovation reduces defects, enhances yield and integrates seamlessly into existing manufacturing infrastructure, making MicroLED displays more commercially viable across sectors including smartphones, wearables, automatives and digital signage. Smartkem develops its materials at its research and development facility in Manchester, UK and provides prototyping services at the Centre for Process Innovation (CPI) at Sedgefield, UK. It has a field application office in Taiwan. The company has an extensive IP portfolio including 138 granted patents across 17 patent families, 16 pending patents and 40 codified trade secrets. For more information, visit our website or follow us on LinkedIn. Forward-Looking Statements All statements in this press release that are not historical are forward-looking statements, including, among other things, its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem, Inc.'s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as 'may,' 'will,' 'could,' 'would,' 'should,' 'anticipate,' 'predict,' 'potential,' 'continue,' 'expect,' 'intend,' 'plan,' 'project,' 'believe,' 'estimate,' and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company's control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available. Analysts and Investors David Barnard, CFA Alliance Advisors Investor Relations T: 1 415 433 3777 dbarnard@ 1 2024 Omdia Report
