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CHIMEI Corporation (; CMC) is a Taiwan-based performance materials company. It has long been known as the world’s largest vendor of ABS resins. It also produces advanced polymer materials, synthetic rubbers, and specialty chemicals. It has factories in
Tainan Tainan (), officially Tainan City, is a Special municipality (Taiwan), special municipality in southern Taiwan, facing the Taiwan Strait on its western coast. Tainan is the oldest city on the island and commonly called the "Taiwan Prefecture, ...
,
Zhenjiang Zhenjiang, alternately romanized as Chinkiang, is a prefecture-level city in Jiangsu Province, China. It lies on the southern bank of the Yangtze River near its intersection with the Grand Canal. It is opposite Yangzhou (to its north) and ...
, and
Zhangzhou Zhangzhou (, ) is a prefecture-level city in Fujian Province, China. The prefecture around the city proper comprises the southeast corner of the province, facing the Taiwan Strait and (with Quanzhou) surrounding the prefecture of Xiamen. Nam ...
. CHIMEI Corporation is part of a privately held holding company called the CHIMEI Group, which has numerous subsidiaries. One of them is Chi Mei Optoelectronics (CMO), which was founded in 1997 as a subsidiary of Chi Mei Corporation. Chi Mei Group was the largest shareholder in publicly listed CMO. The new Chimei Innolux Corporation (, CMI) is the world's No. 2 and Taiwan's No. 1 largest maker of TFT-LCD panels and the likely owner of Westinghouse Digital Electronics. Though
CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...
Douglas Woo has maintained the confidentiality of the ownership of the private Westinghouse licensee, they admit a significant vertically integrated relationship exists between the two. CHIMEI has sold Innolux shares; its stake in Innolux has fallen to 0.83 percent in Oct. 2021. CHIMEI has a partnership with Mitsubishi Chemical Corporation of
Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...
.


History

The company was founded by Shi Wen-long in 1960 as Chi Mei Industrial Company Ltd.; it was renamed CHIMEI ''Corporation'' in 1992. It was the first acrylic sheet manufacturer in Taiwan. In 2001, the CHIMEI Group along with
IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...
Japan set up International Display Technology, which it subsequently sold to
Sony is a Japanese multinational conglomerate (company), conglomerate headquartered at Sony City in Minato, Tokyo, Japan. The Sony Group encompasses various businesses, including Sony Corporation (electronics), Sony Semiconductor Solutions (i ...
in 2005. Hsu Wen-lung retired in 2005, allegedly under pressure from the Chinese government. In 2010, CHIMEI Optoelectronics, then a subsidiary of CHIMEI Corporation, pleaded guilty to a
price fixing Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given ...
conspiracy A conspiracy, also known as a plot, ploy, or scheme, is a secret plan or agreement between people (called conspirers or conspirators) for an unlawful or harmful purpose, such as murder, treason, or corruption, especially with a political motivat ...
with respect to sales of TFT-LCDs between 2001 and 2006.


See also

* Chi Mei Museum * List of companies of Taiwan


References


External links

* {{Authority control CHIMEI Group 1960 establishments in Taiwan Companies based in Tainan Electronics companies of Taiwan Electronics companies established in 1960 Manufacturing companies of Taiwan Non-renewable resource companies established in 1960 Plastics companies of Taiwan Chemical companies established in 1960