Latest news with #Innolux
Business Upturn
07-07-2025
- Business
- Business Upturn
Omdia: Nintendo Switch 2 to Drive Gaming Console Display Shipments up 200% in 2025 Sparking Innovation in Panel Technologies
Business Wire India According to Omdia's Industrial and Public Display & OEM Intelligence Service, global industrial display panel shipments reached 281.1 million units in 2024 and are expected to grow 3.4% year-on-year (YoY) to 290.6 million units in 2025. This growth is primarily attributed to the 'smart home and office' segment, which accounts for 64% of total shipments this year. A major factor behind this surge is the recent launch of the Nintendo Switch 2 featuring a 7.9-inch LTPS gaming console display. Omdia estimates gaming console display shipments will surpass 15 million units or more in 2025, representing an increase of 200% YoY. This press release features multimedia. View the full release here: Industrial display shipment by application, millions of units, 2022-28F Historically, demand in the industrial display market has remained stable due to its niche characteristics,' said Omdia Principal Analyst TzuYu Huang. 'However, tariff uncertainties in recent years prompted TV, IT and some industrial display supply chain participants to shift demand forward into the first half of 2025.' While this pulled-forward demand may result in softer or uncertain demand in Q3, the successful launch of the Nintendo Switch 2 earlier this year is helping to sustain robust momentum in the smart home and office sector throughout 2025. To achieve their 2025 industrial display shipment targets in 2025, panel makers are driving growth through innovation and emerging technologies. AUO Display Plus is focusing on indoor signage using EPD solution, outdoor signage and transportation applications with ChLCD, as well as open-frame and integrated display solutions for retail signage, 2D/3D medical displays, human-machine interface (HMI) devices, panel PCs, interactive white boards (IWBs), and slot machines. BOE has achieved breakthroughs in diagnostic displays and has introduced AMOLED displays into industrial applications such as body cameras and 3.5- and 3.2-inch digital still cameras. Additionally, BOE has developed RGBW technology for electric vehicle (EV) chargers and signage applications. Innolux is concentrating on mini LED displays with direct or local dimming backlight technology. Their product lineup 3.5- and 5-inch displays for digital still cameras, 7- and 11-inch displays for drones, 17.3- and 23.8-inch displays for marine applications, and 13.3- and 17.3-inch displays for in-flight entertainment. Innolux continues to prioritize meeting strong demand from key customers in the gaming console market this year. Tianma has expanded into the public display market by ramping up production at their TM19 Gen 8.6 Fab, targeting key applications, such as 50-inch 4K displays for signage and 27-inch displays for the signage, kiosk, slot machines, and digitizer markets. Tianma also maintains a strategic focus on the two-wheeled EV sector, supplying 4.2-, 5-, and 7-inch displays in specific regions. Furthermore, Tianma is investing in mini LED backlight technology for its for larger display panels (13.3-, 15.6-, 17.3-, 23.8-, and 27-inch displays), specifically serving marine and aviation sectors. Truly is emphasizing small-sized AMOLED displays, including less than 1-inch AMOLED screens for tobacco heat-not-burn products and AMOLED panels smaller than 3 inches for applications in body cameras and e-bikes. 'Game consoles such as Nintendo Switch 2 will continue to drive growth in industrial display shipments throughout 2025. At the same time, panel makers remain focused on emerging technologies to unlock new applications and market opportunities,' TzuYu concluded. ABOUT OMDIA Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients' strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
30-06-2025
- Automotive
- Yahoo
CarUX to buy Pioneer for $1.1bn
Global investment organisation EQT has agreed to the sale of Pioneer Corporation to CarUX, a subsidiary of Taiwan-based Innolux Corporation and smart cockpit solution innovator, for $1.1bn. This move signifies a substantial milestone in Pioneer's evolution, especially following the transformation initiatives since EQT's initial investment in 2019. Completion of the transaction is anticipated in fourth quarter (Q4) of this year, contingent upon customary conditions and approvals. Deutsche Securities acted as the lead financial advisor for the deal. BofA Securities also provided financial advisory services, while Morrison Foerster, White & Case, and Nagashima Ohno & Tsunematsu offered legal counsel to EQT. Pioneer is a Japanese firm established in 1938, with research and development (R&D) and manufacturing capabilities. It offers a wide array of solutions, including navigation and audio systems for both original equipment manufacturers (OEMs) and the consumer aftermarket, as well as software and hardware products tailored for the automotive sector. For the fiscal year ending this March, the Japanese firm has reported double-digit earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins and robust free cash flow. EQT's strategic actions included reinforcing corporate governance, appointing a new leadership team, and implementing cost and capital discipline measures, which collectively led to a boost in profitability and cash flow. Pioneer has reconnected with its foundational expertise in automotive sound by introducing a new amp technology platform and winning substantial projects from both domestic and international clients. The company has also ventured into new growth areas, including Mobility Services, offering software-led navigation with Japan-specific map data, and Mobility AI Connectivity, featuring AI-based dash cams for global markets. Pioneer CEO and president Shiro Yahara said: 'EQT has been instrumental in helping us drive transformation and innovation while preserving our DNA as a global leader in automotive technology. 'We look forward to this next chapter of growth with CarUX, building on the solid foundation that EQT helped us establish.' "CarUX to buy Pioneer for $1.1bn" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
26-06-2025
- Automotive
- Reuters
Taiwan's Innolux unit buys former Japanese TV major Pioneer for $1.1 billion
TAIPEI, June 26 (Reuters) - CarUX, a smart cockpit solutions provider and a subsidiary of Taiwan's display maker Innolux Corp ( opens new tab, said on Thursday it will acquire Japan's Pioneer Corporation in a deal valued at 163.6 billion yen (around $1.1 billion). Pioneer was once a major Japanese player in consumer electronics, whose decline presaged the broader industry shake-up to come as Japanese manufacturers were unable to keep with larger, more efficient producers like South Korea's Samsung Electronics ( opens new tab. CarUX said it has signed a definitive agreement with EQT, a global investment firm, to acquire a 100% stake in the Japanese electronics company. The deal is expected to increase CarUX's presence in the Asia-Pacific region and broaden its global product portfolio by combining its display and touch technology expertise with Pioneer's strengths in automotive sound system and Human Machine Interface (HMI) software development, the company said in a statement. "This acquisition brings strategic synergies for both CarUX and Pioneer," Innolux and CarUX Chairman Jim Hung said in a statement. CarUX said in March that it is planning a listing in the United States. Pioneer has long-standing partnerships with major Japanese and global automakers, including Toyota (7203.T), opens new tab. Its president and CEO, Shiro Yahara, said it looks forward to collaborating with CarUX to "create the future of mobility experiences". Hung added at a press conference that Pioneer generated revenue of 240 billion yen in the fiscal year ending March 2024 and maintains a healthy financial structure, which is one of the key factors enabling the deal. Pioneer launched the world's first plasma TV in 1997 and briefly found success in the high-end segment. Pioneer was acquired in 2018 by Baring Private Equity Asia in a deal for $900 million, leading to its delisting from the Tokyo Stock Exchange. Baring was later acquired by Sweden-based EQT AB in 2022.
Bloomberg
26-06-2025
- Automotive
- Bloomberg
EQT Sells Pioneer for $1.1 Billion in Second Japan Exit in 2025
EQT AB agreed to sell Pioneer Corp. for $1.1 billion, marking the biggest exit in Japan for the Swedish buyout firm that sees Japan as a key pillar of its dealmaking strategy in the region. Two of EQT's funds agreed to sell the Japanese automotive electronics manufacturer to CarUX, a subsidiary of Taiwan-listed Innolux Corp., according to a statement Thursday. The transaction is subject to customary conditions and approvals and is expected to be completed in the fourth quarter.
CNA
26-06-2025
- Automotive
- CNA
Taiwan's Innolux unit buys former Japanese TV major Pioneer for $1.1 billion
TAIPEI :CarUX, a smart cockpit solutions provider and a subsidiary of Taiwan's display maker Innolux Corp, said on Thursday it will acquire Japan's Pioneer Corporation in a deal valued at 163.6 billion yen (around $1.1 billion). Pioneer was once a major Japanese player in consumer electronics, whose decline presaged the broader industry shake-up to come as Japanese manufacturers were unable to keep with larger, more efficient producers like South Korea's Samsung Electronics. CarUX said it has signed a definitive agreement with EQT, a global investment firm, to acquire a 100 per cent stake in the Japanese electronics company. The deal is expected to increase CarUX's presence in the Asia-Pacific region and broaden its global product portfolio by combining its display and touch technology expertise with Pioneer's strengths in automotive sound system and Human Machine Interface (HMI) software development, the company said in a statement. "This acquisition brings strategic synergies for both CarUX and Pioneer," Innolux and CarUX Chairman Jim Hung said in a statement. CarUX said in March that it is planning a listing in the United States. Pioneer has long-standing partnerships with major Japanese and global automakers, including Toyota. Its president and CEO, Shiro Yahara, said it looks forward to collaborating with CarUX to "create the future of mobility experiences". Hung added at a press conference that Pioneer generated revenue of 240 billion yen in the fiscal year ending March 2024 and maintains a healthy financial structure, which is one of the key factors enabling the deal. Pioneer launched the world's first plasma TV in 1997 and briefly found success in the high-end segment. Pioneer was acquired in 2018 by Baring Private Equity Asia in a deal for $900 million, leading to its delisting from the Tokyo Stock Exchange. Baring was later acquired by Sweden-based EQT AB in 2022.
