Innolux Corp: Segment Analysis

Innolux Corp (Innolux) provides TFT-LCD (Thin film transistor liquid crystal display) panel modules and LCD display products, including TV panels, laptop panels, desktop monitors and notebook computer panels, small and medium-sized panels, medical and automotive panels.

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Innolux's R&D arm focuses on the development of advanced packaging business to address the semiconductor manufacturing industry and revitalizing the production of older TFT-LCD panel generations. It also focuses on enabling new applications for next generation displays. The company seeks to make investments in the mainstream market of high volume, high growth displays such as smart mobile and wearables to establish a new opportunity for value transformation. It also aims to invest in R&D to develop competitive products to meet the demand of market. In FY2022, the company incurred expenses of TWD13,045.4 million on R&D, which as a percentage of revenue, stood at 5.8%.