Chi Mei Corporation
{{Short description|Taiwan-based performance materials company}}
{{Infobox company
| name = CHIMEI Corporation
奇美實業
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| type = Corporation
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| foundation = {{Start date|df=yes|1960|1|11}}
| founder = Shi Wen-long
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| location = Rende, Tainan, Taiwan
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| key_people = Shi Wen-long (Founder)
Hsu Chun-hua (Chairman)
Zhao Lingyu (General Manager)
| industry = Petrochemical
| products = Plastics, Synthetic Rubbers, Electronic Materials, Specialty Chemicals
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| homepage = {{Official URL}}
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CHIMEI Corporation ({{zh|c=奇美實業|p=Qíměi Shíyè|first=t}}; CMC) is a Taiwan-based performance materials company. It has long been known as the world’s largest vendor of ABS resins. It also produces advanced polymer materials, synthetic rubbers, and specialty chemicals. It has factories in Tainan, Zhenjiang, and Zhangzhou.
CHIMEI Corporation is part of a privately held holding company called the CHIMEI 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 Corporation ({{zh|t=奇美電子}}, CMI) is the world's No. 2 and Taiwan's No. 1 largest maker of TFT-LCD panels{{Cite web |url=http://www.plasticsnews.com/china/english/headlines-arc2.html?id=1124126000 |title=Plastics News - More News |access-date=2007-09-18 |archive-url=https://web.archive.org/web/20090508154402/http://www.plasticsnews.com/china/english/headlines-arc2.html?id=1124126000 |archive-date=2009-05-08 |url-status=dead }} 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.[http://www.emasiamag.com/article-341-consumerelectronicstheclonewars-Asia.html Consumer Electronics: The Clone Wars] {{webarchive |url=https://web.archive.org/web/20071018053223/http://www.emasiamag.com/article-341-consumerelectronicstheclonewars-Asia.html |date=October 18, 2007 }}, Electronics Manufacturing Asia CHIMEI has sold Innolux shares; its stake in Innolux has fallen to 0.83 percent in Oct. 2021.{{Cite web |date=2021-10-05 |title=Chi Mei posts loss after selling Innolux shares |url=https://www.taipeitimes.com/News/biz/archives/2021/10/05/2003765517 |access-date=2021-10-08 |website=Taipei Times}}
CHIMEI has a partnership with Mitsubishi Chemical Corporation of Japan.
History
The company was founded by Shi Wen-long in 1960 as Chi Mei Industrial Company Ltd.; it was renamed CHIMEI Corporation in 1992. It was the first acrylic sheet manufacturer in Taiwan.Chi Mei Corporation. [http://www.chimeicorp.com/en/company/aboutchimei.asp Chi Mei profile] {{webarchive |url=https://web.archive.org/web/20080312174111/http://www.chimeicorp.com/en/company/aboutchimei.asp |date=March 12, 2008 }}
In 2001, the CHIMEI Group along with IBM Japan set up International Display Technology, which it subsequently sold to Sony in 2005.{{cite news |last=Wang |first=Lisa |date=2005-01-08 |title=Chi Mei to sell Japanese unit to Sony |work=Taipei Times |url=http://www.taipeitimes.com/News/biz/archives/2005/01/08/2003218552 |accessdate=2009-03-20}}{{cite press release | url=http://www.sony.net/SonyInfo/News/Press/200501/05-0107E/index.html | title=Sony to Acquire IDTech's Yasu LCD Manufacturing Facility | publisher=Sony | date=2005-01-07 | accessdate=2009-03-20 }} Hsu Wen-lung retired in 2005, allegedly under pressure from the Chinese government.{{cite web |title=China authorities search Hon Hai offices |url=https://www.taipeitimes.com/News/front/archives/2023/10/23/2003808085 |access-date=23 October 2023 |website=Taipei Times |publisher=}}
In 2010, CHIMEI Optoelectronics, then a subsidiary of CHIMEI Corporation, pleaded guilty to a price fixing conspiracy with respect to sales of TFT-LCDs between 2001 and 2006.{{Cite web|url=https://www.justice.gov/atr/public/press_releases/2009/252936.htm|title = Taiwan LCD Producer Agrees to Plead Guilty and Pay $220 Million Fine for Participating in LCD Price-Fixing Conspiracy|date = 9 December 2009}}
See also
References
{{Reflist}}
External links
{{commons category|Chi Mei Corporation}}
- {{Official website}}
{{Authority control}}
Category:1960 establishments in Taiwan
Category:Companies based in Tainan
Category:Electronics companies of Taiwan
Category:Electronics companies established in 1960
Category:Manufacturing companies of Taiwan
Category:Non-renewable resource companies established in 1960