Chi Mei, Innolux, TPO merger pushed to April

TAIPEI, TAIWAN: The proposed merger between Taiwan LCD panel makers Innolux, Chi Mei and TPO Display will be delayed by a month to April 1, a source with direct knowledge of the situation said on Thursday.

"The overseas approval process is still going on," said the source, who declined to be identified because the information had not yet been made public.

The merger was originally intended to be completed on March 1, the companies had said.

After the merger, the newly formed company is expected to overtake AU Optronics as Taiwan's largest LCD panel maker, and will rank behind Samsung Electronics and LG Display globally.