Chi Mei
Encyclopedia
Chi Mei Corporation is a plastics producer in Taiwan
. It is the largest maker of ABS
resin in the world, producing about 1 million tons of ABS annually as of 1999. It has factories in Tainan
and Zhenjiang
. It also produces acrylic glass
, polystyrene
, thermoplastic elastomer
and synthetic rubber
.
(，CMI) is the world’s No. 2 and Taiwan’s No. 1 largest maker of TFT-LCD panels 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.
Chi Mei has a partnership with Mitsubishi Chemical Corporation
of Japan (Mitsubishi holds 27.08% of shares).
in 1960 as Chi Mei Industrial Company Ltd., the first acrylic sheet manufacturer in Taiwan; it was renamed Chi Mei Corporation in 1992.
In 2001, the Chi Mei Group along with IBM
Japan set up International Display Technology, which it subsequently sold to Sony
in 2005. In 2010, Chi Mei Optoelectronics, then a subsidiary of Chi Mei Corporation, pleaded guilty to a price fixing
conspiracy
with respect to sales of TFT-LCDs between 2001 and 2006.
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
. It is the largest maker of ABS
Acrylonitrile butadiene styrene
Acrylonitrile butadiene styrene is a common thermoplastic. Its melting point is approximately 105 °C ....
resin in the world, producing about 1 million tons of ABS annually as of 1999. It has factories in Tainan
Tainan
Tainan City is a city in southern Taiwan. It is the fifth largest after New Taipei, Kaohsiung, Taichung, and Taipei. It was formerly a provincial city, and in 2010, the provincial city merged with the adjacent Tainan County to form a single special municipality. Tainan faces the Taiwan Strait in...
and Zhenjiang
Zhenjiang
Zhenjiang is a prefecture-level city in the southwest of Jiangsu province in the eastern People's Republic of China . Sitting on the southern bank of the Yangtze River, it borders the provincial capital of Nanjing to the west, Changzhou to the east, and Yangzhou across the river to the north.Once...
. It also produces acrylic glass
Acrylic glass
Poly is a transparent thermoplastic, often used as a light or shatter-resistant alternative to glass. It is sometimes called acrylic glass. Chemically, it is the synthetic polymer of methyl methacrylate...
, polystyrene
Polystyrene
Polystyrene ) also known as Thermocole, abbreviated following ISO Standard PS, is an aromatic polymer made from the monomer styrene, a liquid hydrocarbon that is manufactured from petroleum by the chemical industry...
, thermoplastic elastomer
Thermoplastic elastomer
Thermoplastic elastomers , sometimes referred to as thermoplastic rubbers, are a class of copolymers or a physical mix of polymers which consist of materials with both thermoplastic and elastomeric properties...
and synthetic rubber
Synthetic rubber
Synthetic rubber is is any type of artificial elastomer, invariably a polymer. An elastomer is a material with the mechanical property that it can undergo much more elastic deformation under stress than most materials and still return to its previous size without permanent deformation...
.
Overview
Chi Mei Corporation is part of a privately-held holding company called the Chi Mei 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 CorporationChimei Innolux Corporation
Chimei Innolux Corporation is a Taiwanese TFT-LCD panel manufacturer headquartered in Jhunan, Miaoli County, Taiwan.-Overview:The company is Taiwan's largest LCD maker. It produces many products including: TFT LCD panel modules, LCD display products, computer panels, AV and mobile panels, desktop...
(，CMI) is the world’s No. 2 and Taiwan’s No. 1 largest maker of TFT-LCD panels 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.
Chi Mei has a partnership with Mitsubishi Chemical Corporation
Mitsubishi Chemical Corporation
, or MCC, was a Japanese corporation. It merged with Mitsubishi Pharma Corporation to create Mitsubishi Chemical Holdings Corporation.-External links:...
of Japan (Mitsubishi holds 27.08% of shares).
History
The company was founded by Xu WenlongWen-long Shi
Wen-long Shi is a Taiwanese businessman and the founder of Chi Mei Corporation, the largest maker of ABS resin in the world. Shi has been ranked among Forbes' World's Richest People...
in 1960 as Chi Mei Industrial Company Ltd., the first acrylic sheet manufacturer in Taiwan; it was renamed Chi Mei Corporation in 1992.
In 2001, the Chi Mei Group along with IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
Japan set up International Display Technology, which it subsequently sold to Sony
Sony
, commonly referred to as Sony, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan and the world's fifth largest media conglomerate measured by revenues....
in 2005. In 2010, Chi Mei Optoelectronics, then a subsidiary of Chi Mei Corporation, pleaded guilty to a price fixing
Price fixing
Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand...
conspiracy
Cartel
A cartel is a formal agreement among competing firms. It is a formal organization of producers and manufacturers that agree to fix prices, marketing, and production. Cartels usually occur in an oligopolistic industry, where there is a small number of sellers and usually involve homogeneous products...
with respect to sales of TFT-LCDs between 2001 and 2006.
See also
- Chimei Innolux CorporationChimei Innolux CorporationChimei Innolux Corporation is a Taiwanese TFT-LCD panel manufacturer headquartered in Jhunan, Miaoli County, Taiwan.-Overview:The company is Taiwan's largest LCD maker. It produces many products including: TFT LCD panel modules, LCD display products, computer panels, AV and mobile panels, desktop...
- Chi Mei Museum
- Nexgen Mediatech Incorporation