[News] Taiwanese Panel Maker AUO Cashes In: Another Plant Sold to Micron, $55M Profit Incoming

Following the sale of idled manufacturing facilities to Micron in 2024, Taiwanese panel maker AUO announced today that its board has approved the sale of the AUO Crystal’s east-side plant, located in Central Taiwan, to the U.S. memory giant as well, according to Economic Daily News.

The report, citing Chairman Paul Peng, states that the total transaction value reaches NT$ 3.75 billion (roughly $114.4 million), including the west-side plant sold in 2024.

According to the report, AUO Crystal anticipates recording approximately NT$ 1.8 billion (roughly $55 million) in non-operating profit from the sale.

Peng said AUO Crystal will exit the solar monocrystalline business in 2025, keeping only semiconductor operations, as highlighted in the report. The sold plant will be leased for two years before being vacated for Micron in 2027, the report adds.

AUO held an investor conference today, reporting full-year consolidated revenue of NT$280.25 billion for 2024, a 13% increase from 2023. However, the company posted a net loss of NT$3.06 billion attributable to shareholders, with a basic loss per share of NT$0.4.

In terms of profitability, AUO turned a profit in Q4 2024, reversing losses due to non-operating gains from the sale of factory assets.

Read more

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(Photo credit: AUO)