Chi Mei Corporation

CHIMEI Corporation (Chinese: 奇美實業; pinyin: Qíměi Shíyè; CMC) is a Taiwan-based performance materials company. It has long been known as the world’s largest vendor of ABS resins. It has factories in Tainan, Zhenjiang and Zhangzhou. It also produces advanced polymer materials, synthetic rubbers, and specialty chemicals.

CHIMEI Corporation
奇美實業
TypeCorporation
IndustryPetrochemical
Founded11 January 1960 (1960-01-11)
FounderShi Wen-long
HeadquartersRende, Tainan, Taiwan
Key people
Shi Wen-long (Founder)
Hsu Chun-hua (Chairman)
Zhao Lingyu (General Manager)
ProductsPlastics, Synthetic Rubbers, Electronic Materials, Specialty Chemicals
Websitewww.chimeicorp.com

CHIMEI Corporation is part of a privately held holding company called the CHIMEI Group, which has numerous subsidiaries. One of them is Chi Mei Optoelectronics (CMO), which was founded in 1997 as a subsidiary of Chi Mei Corporation. Chi Mei Group was the largest shareholder in publicly listed CMO. The new Chimei Innolux Corporation (Chinese: 奇美電子, CMI) is the world's No. 2 and Taiwan's No. 1 largest maker of TFT-LCD panels[1] and the likely owner of Westinghouse Digital Electronics. Though CEO Douglas Woo has maintained the confidentiality of the ownership of the private Westinghouse licensee, they admit a significant vertically integrated relationship exists between the two.[2] CHIMEI has sold Innolux shares; its stake in Innolux has fallen to 0.83 percent in Oct. 2021.[3]

CHIMEI has a partnership with Mitsubishi Chemical Corporation of Japan.

History

The company was founded by Shi Wen-long in 1960 as Chi Mei Industrial Company Ltd., the first acrylic sheet manufacturer in Taiwan; it was renamed CHIMEI Corporation in 1992.[4]

In 2001, the CHIMEI Group along with IBM Japan set up International Display Technology, which it subsequently sold to Sony in 2005.[5][6] Hsu Wen-lung retired in 2005, allegedly under pressure from the Chinese government.[7]

In 2010, CHIMEI Optoelectronics, then a subsidiary of CHIMEI Corporation, pleaded guilty to a price fixing conspiracy with respect to sales of TFT-LCDs between 2001 and 2006.[8]

See also

References
  1. "Plastics News - More News". Archived from the original on 2009-05-08. Retrieved 2007-09-18.
  2. Consumer Electronics: The Clone Wars Archived October 18, 2007, at the Wayback Machine, Electronics Manufacturing Asia
  3. "Chi Mei posts loss after selling Innolux shares". Taipei Times. 2021-10-05. Retrieved 2021-10-08.
  4. Chi Mei Corporation. Chi Mei profile Archived March 12, 2008, at the Wayback Machine
  5. Wang, Lisa (2005-01-08). "Chi Mei to sell Japanese unit to Sony". Taipei Times. Retrieved 2009-03-20.
  6. "Sony to Acquire IDTech's Yasu LCD Manufacturing Facility" (Press release). Sony. 2005-01-07. Retrieved 2009-03-20.
  7. "China authorities search Hon Hai offices". Taipei Times. Retrieved 23 October 2023.
  8. "Taiwan LCD Producer Agrees to Plead Guilty and Pay $220 Million Fine for Participating in LCD Price-Fixing Conspiracy". 9 December 2009.
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