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GIS Acquires LCM Assembly Equipment From Samsung Display

Feb 27, 2018

Taiwan-based touch panel maker General Interface Solution (GIS) has reportedly acquired the backend notebook LCD module (LCM) assembly equipment from Samsung Display, further enhancing its LCM production capacity, according to industry sources.

GIS began to ship LCM products for Apple's MacBooks, mainly for the mainstream 13-inch model, in the fourth quarter of 2017 and is expected to ramp up its LCM shipments starting the second quarter of 2018.

GIS is also expected to ship LCMs for a new entry-level 13-inch MacBook model in the second half of 2018, said the sources, noting that notebook LCMs will account for 10% of GIS' total sales in the year.

After spending NT$11.132 billion (US$380.83 million) on capacity expansion in 2017, the company added a capex of NT$4.861 billion in early 2018, including NT$1.2 billion for the purchase of Samsung Display's LCM facilities, the sources noted. In addition to expanding its notebook LCM production capacity, the company is also ramping its lamination capacity for small- and medium-size OLED panels.

To enhance its financial strength, the company together with its subsidiaries signed a US$300 million syndicated loan with a banking consortium in Taiwan.