Lite-On Technology is selling its display business to Wistron for...
Lite-On Technology is selling its display business to Wistron for $302.1 million in a deal expected to close by Q3, company officials said. The deal includes inventory, machines and IP, but not land or buildings, to be leased to…
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Wistron, Lite-On said. Wistron will move the gear to its own plants in a year or two, it said. Lite-On will invest $$39.4 million in Wistron. Lite-On’s digital display business posted $136.7 million in revenue in 2007, the company said. In 2007, Wistron LCD TV shipments were 700,000 to a million, and the company expects the volume to rise this year to two million, analysts said.