TPK chairman says touch panel industry to take off in 2011

While touch panels have seen rapid adoption in various terminal devices, business for the touch panel industry is taking off in 2011 and will grow quickly over the next 3-5 years, according to an exec…

While touch panels have seen rapid adoption in various terminal devices, business for the touch panel industry is taking off in 2011 and will grow quickly over the next 3-5 years, according to an executive spokesperson for TPK Holdings at the company“s 9 June 2011 shareholders meeting. TPK“s capacity expansion for touch modules and panels has lagged behind increases in orders, and in light of such large business potential, TPK needs to keep expanding production capacity over the next few years. For this reason, the company decided to issue a small dividend of TWD 0.50 (USD 0.02) per share for 2010 in contrast to its actual net EPS of TWD 23.03. According to the company spokesperson, TPK will increase in-house production of glass-based touch sensors, cover glass and touch modules and procure automated equipment to minimize production costs. TPK aims to provide touch solutions for a full range of screen sizes to compete for orders from vendors of smartphones, tablet PCs and e-book readers. According to industry sources, TPK is expected to ship more than 6.3 million touch panels and supply 70-75% of touch panels used in iPads and iPhones in the 2Q of 2011.