AU Optronics to enlarge LED panels market in Europe, America

AU Optronics intends to set up TV set assembly plants in Europe and America in 2011.

It has posted NT$11.25 billion (US$351 million) in net profit for the second quarter -- up 54.6 percent from the first quarter -- on the back of strong global demand.

An improved product mix that accommodates a high portion of LED panels boosted the company's gross margin to 15.8 percent in the second quarter from 12.8 percent in the first quarter.

According to Paul Peng, executive vice president of AUO's Global Business Unit, LED panels accounted for 22 percent of its total panel production in the second quarter, beating the global LED panel ratio of 17 percent. AUO's LED panel ratio is expected to rise to 30 percent in the third quarter and reach 50 percent in the fourth quarter.

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