Innolux deployments with Pioneer acquisition

Innolux, keen on embracing its "More than Panel" transformation strategy, will have its subsidiary CarUX acquire all the shares of Pioneer, a Japanese automotive electronics firm established 87 years ago, for JPY163.6 billion (US$1.11 billion).

Underlying this acquisition are three key goals of Innolux: to quickly enter the supply chain of Japanese automakers; to transform from a panel maker to a tier-1 automotive smart cockpit system supplier; and to expand its deployments in the global automotive supply chain.

Displays have long been Innolux's main products. However, since the global automotive market began to place strong emphasis on high value-added smart cockpit solutions, panel makers have found it difficult to establish close partnerships with car makers if they continue to play the game of price competition as merely a supplier of display solutions.