A few weeks ago we updated on CMI's OLED program, which seems to be last advanced than we previously assumed. Today we hear that CMI is indeed facing financial problems. The company decided to cut 2011 expenditure by 20-30%, and focus on its fundamental business - production of TFT panels. CMI will separate the touch panels, LCD modules, systems and packaging into different business units.
The company did note that its AMOLED development is still 'in progress'. Hopefully they'll give us some more details soon.
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Posted: Jun 28,2011 by Ron Mertens
