Apple’s rumored switch to Samsung supplied OLED panels could be short-lived, said Innolux CEO.

LED chip manufacturer Chi Mei Technology Corp went out of business last month after a surprise exodus by the company’s board members. A staggering amount of NT$5.6 billion in unpaid debts has lead to anger from creditor banks. The phones were ringing off the hook yesterday (7) for Chi Mei’s top shareholder Innolux with calls from legal persons and investors. Innolux expressed that during today’s (8) online conference, chairman Tuan Hsing-chien will be there himself to offer explanation.

The creditor banks for Chi Mei Lighting Technology Corporation are demanding the company’s shareholder groups like Innolux Corportation and Chi Mei Corporation to repay the company’s debt. However, Innolux Corportation’s response was that the responsibility for resolving the debt was solely that of the creditor banks and that all Chi Mei employees are welcome to work at Innolux. Chi Mei Corp only expressed regret over the situation.

Innolux Display Corp., a Taiwan-base panel maker, has teamed up with Nichia, a global leading LED chip maker, in a bid to lead the industry of LED monitors by shipment volume, the Taiwan Economic News reports, citing company sources.