Santa Clara, CA, August 6, 2014 – In a move to strengthen its position as a leading supplier in the LCD marketplace, Tianma Microelectronics Co., Ltd., Shenzhen, China, has completed the acquisition of its five production lines in Japan, Shenzhen, Shanghai and Wuhan, and increased its investment in its Chengdu facility. After this restructuring, Tianma will own 100% shares of Shanghai Tianma, Wuhan Tianma, Shanghai AVIC, and Shenzhen AVIC (2 lines), and 70% shares of Chengdu Tianma. Prior to this, Tianma Microelectronics Co., Ltd. had held controlling interests in the six lines. As a result of the stock acquisitions, the combined assets of the company are expected to surpass RMB 10 billion (USD 1.6 billion).
“As we work to expand our market presence in the Americas and to provide the best support to our customers, we are very excited to see strong corporate efforts to optimize our operations and strengthen the company structure,” said Lesa Qu, President of Tianma NLT America, Inc. “We feel that these efforts will lead to substantial improvements in the level of service we can provide to our customers by taking advantage of improved production flexibility, gains in efficiency and a faster decision-making process.”
For more information, visit www.tianma.com.