Latest news with #Innolux
Reuters
3 days ago
- 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
3 days ago
- 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
3 days ago
- 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.
Yahoo
13-05-2025
- Automotive
- Yahoo
Innolux and CarUX at Display Week 2025: Driving the Smart City Era and Expanding Next-Gen Cockpit Solutions
Showcasing AI-Driven, Customized Innovations for Smart Public Services with Industry-Leading Integrated Cockpit Displays ZHUNAN, TAIWAN / / May 13, 2025 / Innolux and CarUX will showcase groundbreaking display technologies at SID Display Week 2025 in San Jose, USA. The exhibition highlights their advancements in MicroLED, MiniLED, and AI-driven solutions, targeting smart city applications and next-generation automotive cockpits. These innovations underscore Innolux's transforming digital life and enhancing user experiences across diverse sectors, from public displays to intelligent vehicles. Innolux introduces a new era of MicroLED applications, unveiling the world's first "Color-Conversion Free-Tiling Seamless AM-MicroLED Mirror Display" and "High-PPI AM-MicroLED Mirror Display." These products boast a wide color gamut (NTSC 115%), high reflectivity (86%), and low power consumption, enabling customizable, seamless tiling for smart cockpits, retail, and entertainment. Additionally, Innolux's "101" Color-Conversion-Based AM-MicroLED Free Tiling Display" further demonstrates its technical prowess, featuring P0.5mm high-definition imagery, seamless tiling, and high color saturation, suitable for large venues and immersive displays. In the realm of AI, Innolux's "85" 4K AI Interactive InnoGallery" redefines art and interaction. Equipped with anti-glare and anti-reflective technology, it delivers a paper-like viewing experience, enabling dynamic digital art creation via voice commands. This solution targets smart city applications like digital museums and therapeutic environments. Innolux also presents the "MicroLED Floating Jewelry Box," leveraging contactless gesture sensing and high-brightness MicroLED (>1,500 nits) to offer lifelike visuals for high-end retail and museum exhibits. CarUX, focusing on automotive displays, unveils the industry's only "9.6" Micro-LED AR Windshield Reflective Solution" (WRS). This high-brightness, low-energy MicroLED module projects critical driving information onto the windshield using 3D imaging and image correction, enhancing safety by allowing drivers to keep their eyes on the road. The projection extends to the co-pilot's view with customizable display options. CarUX also introduces the "InvisiView-Transparent Leather" solution, blending MiniLED backlight with leather for hidden displays, and the "InvisiView-55" LID with Carbon Fiber Texture," which conceals screens behind decorative panels to elevate cabin aesthetics. Safety and convenience are further enhanced with CarUX's "Smart Privacy 12.3" Display," which toggles between private and sharing modes to minimize driver distractions, and the "Camera Behind Display" (CBD), which integrates a driving monitoring system (DMS) with AI to monitor driver behavior. Additionally, CarUX and Innolux collaborate on the third-generation "34" Active MiniLED Backlight Automotive Display," featuring a slim profile, high color saturation (NTSC 115%), and chip-scale packaged LEDs, offering Tier 1 manufacturers a comprehensive smart cockpit solution. Innolux's "High PPI AM-MicroLED Display" addresses automotive needs with high brightness, ultra-high contrast, and durability, ensuring visibility in challenging conditions like sunlight or snow. Its pliable, rollable design enhances in-car entertainment and communication, creating safer and more convenient driving environments. These advancements position Innolux and CarUX as leaders in integrating display technology with AI, safety, and aesthetic innovation, driving the future of smart cities and intelligent mobility. The showcase at Display Week 2025 reflects Innolux's vertically integrated capabilities and CarUX's focus on automotive excellence, offering scalable, customizable solutions for global markets. From smart retail to autonomous driving, their technologies promise to redefine user interaction and elevate digital experiences. Video clips on Innolux's exclusive products and technologies: Information on Innolux's participation in SID Display Week 2025Date: May 13 (Tuesday) to May 15 (Thursday), 2025Time:May 13, from 10:30 to 18:30May 14, from 09:00 to 17:00May 15, from 09:00 to 14:00Exhibition Location: San Jose McEnery Convention Center, San Jose, California, USABooth Number: 828 About Innolux Corporation Innolux Corporation is a world leading TFT-LCD and large size glass solution provider. The Company implements the core business philosophy of "More than Panel", restructuring the business units into two domains, Display and Non-display. Display domain focuses on vertically integrated display applications, technological efficiency improvements, and operational synergies. Non-display domain extends to automotive, medical, Fan-Out Panel-Level Packaging and other fields, and provides customers with comprehensive solutions. Innolux has thirteen front-end fabs (including advanced packaging) located in Jhunan and Tainan in Taiwan, along with assembly facilities in China, including in Shanghai, Ningbo, and Foshan. Innolux Corporation (3481 TT) is listed on the Taiwan Stock Exchange (TWSE). The company's 2024 consolidated revenue reached NT$ 216.5 billion. For more information, please visit About CarUX CarUX, a subsidiary of Innolux, is a global leading company for smart cockpit display and vision solutions, with high-end, immersive interfaces as well as enhancing user experience, quality, and efficiency by driving seamless integration capability and innovative technology. Combining with her 5i strategy, CarUX actively invests resources to develop display-centric technologies, which enables the products perfectly blended in the interior and exterior design of a car and create the differentiation for car brands. Media Contact Anita Chien +886-(0)6-505-1888 #47153, +886-(0)911-572-225, Tsou +886-(0)37-586-000 #62329, Yueh +886(0)6-505-1888 #47285, SOURCE: Innolux Corporation View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
13-05-2025
- Automotive
- Associated Press
Innolux and CarUX at Display Week 2025: Driving the Smart City Era and Expanding Next-Gen Cockpit Solutions
Showcasing AI-Driven, Customized Innovations for Smart Public Services with Industry-Leading Integrated Cockpit Displays ZHUNAN, TAIWAN - Media OutReach Newswire - 13 May 2025 - Zhunan, Taiwan-MediaOutReach Newswire-May 13, 2025- Innolux and CarUX will showcase groundbreaking display technologies at SID Display Week 2025 in San Jose, USA. The exhibition highlights their advancements in MicroLED, MiniLED, and AI-driven solutions, targeting smart city applications and next-generation automotive cockpits. These innovations underscore Innolux's transforming digital life and enhancing user experiences across diverse sectors, from public displays to intelligent vehicles. Innolux's exclusive 85" 4K AI interactive InnoGallery Innolux introduces a new era of MicroLED applications, unveiling the world's first 'Color-Conversion Free-Tiling Seamless AM-MicroLED Mirror Display' and 'High-PPI AM-MicroLED Mirror Display.' These products boast a wide color gamut (NTSC 115%), high reflectivity (86%), and low power consumption, enabling customizable, seamless tiling for smart cockpits, retail, and entertainment. Additionally, Innolux's '101" Color-Conversion-Based AM-MicroLED Free Tiling Display' further demonstrates its technical prowess, featuring P0.5mm high-definition imagery, seamless tiling, and high color saturation, suitable for large venues and immersive displays. In the realm of AI, Innolux's '85" 4K AI Interactive InnoGallery' redefines art and interaction. Equipped with anti-glare and anti-reflective technology, it delivers a paper-like viewing experience, enabling dynamic digital art creation via voice commands. This solution targets smart city applications like digital museums and therapeutic environments. Innolux also presents the 'MicroLED Floating Jewelry Box,' leveraging contactless gesture sensing and high-brightness MicroLED (>1,500 nits) to offer lifelike visuals for high-end retail and museum exhibits. CarUX, focusing on automotive displays, unveils the industry's only '9.6" Micro-LED AR Windshield Reflective Solution' (WRS). This high-brightness, low-energy MicroLED module projects critical driving information onto the windshield using 3D imaging and image correction, enhancing safety by allowing drivers to keep their eyes on the road. The projection extends to the co-pilot's view with customizable display options. CarUX also introduces the 'InvisiView-Transparent Leather' solution, blending MiniLED backlight with leather for hidden displays, and the 'InvisiView-55" LID with Carbon Fiber Texture,' which conceals screens behind decorative panels to elevate cabin aesthetics. Safety and convenience are further enhanced with CarUX's 'Smart Privacy 12.3" Display,' which toggles between private and sharing modes to minimize driver distractions, and the 'Camera Behind Display' (CBD), which integrates a driving monitoring system (DMS) with AI to monitor driver behavior. Additionally, CarUX and Innolux collaborate on the third-generation '34" Active MiniLED Backlight Automotive Display,' featuring a slim profile, high color saturation (NTSC 115%), and chip-scale packaged LEDs, offering Tier 1 manufacturers a comprehensive smart cockpit solution. Innolux's 'High PPI AM-MicroLED Display' addresses automotive needs with high brightness, ultra-high contrast, and durability, ensuring visibility in challenging conditions like sunlight or snow. Its pliable, rollable design enhances in-car entertainment and communication, creating safer and more convenient driving environments. These advancements position Innolux and CarUX as leaders in integrating display technology with AI, safety, and aesthetic innovation, driving the future of smart cities and intelligent mobility. The showcase at Display Week 2025 reflects Innolux's vertically integrated capabilities and CarUX's focus on automotive excellence, offering scalable, customizable solutions for global markets. From smart retail to autonomous driving, their technologies promise to redefine user interaction and elevate digital experiences. Video clips on Innolux's exclusive products and technologies: Information on Innolux's participation in SID Display Week 2025 Date: May 13 (Tuesday) to May 15 (Thursday), 2025 Time: May 13, from 10:30 to 18:30 May 14, from 09:00 to 17:00 May 15, from 09:00 to 14:00 Exhibition Location: San Jose McEnery Convention Center, San Jose, California, USA Booth Number: 828 Hashtag: #Innolux The issuer is solely responsible for the content of this announcement. About Innolux Corporation Innolux Corporation is a world leading TFT-LCD and large size glass solution provider. The Company implements the core business philosophy of 'More than Panel', restructuring the business units into two domains, Display and Non-display. Display domain focuses on vertically integrated display applications, technological efficiency improvements, and operational synergies. Non-display domain extends to automotive, medical, Fan-Out Panel-Level Packaging and other fields, and provides customers with comprehensive solutions. Innolux has thirteen front-end fabs (including advanced packaging) located in Jhunan and Tainan in Taiwan, along with assembly facilities in China, including in Shanghai, Ningbo, and Foshan. Innolux Corporation (3481 TT) is listed on the Taiwan Stock Exchange (TWSE). The company's 2024 consolidated revenue reached NT$ 216.5 billion. For more information, please visit About CarUX CarUX, a subsidiary of Innolux, is a global leading company for smart cockpit display and vision solutions, with high-end, immersive interfaces as well as enhancing user experience, quality, and efficiency by driving seamless integration capability and innovative technology. Combining with her 5i strategy, CarUX actively invests resources to develop display-centric technologies, which enables the products perfectly blended in the interior and exterior design of a car and create the differentiation for car brands.
