Taiwanese touch screen supplier Wintek laid off nearly 90% of its staff, as the financially struggling company aims to transform its business model to become a new LED manufacturer, according to a Chinese-language Economic Daily News report.

Taiwan’s display panel makers Wintek Corp., Jeng Shiang Precision Ind. Co., Ltd and ArmTRAN Technology Co., Ltd. have paved the way for tapping Taiwan’s market for LED lighting. It’s said that Wintek specializes in touch screen, Jeng Shiang in light guide plate for the panel and ArmTRAN in LCD monitor. They have recently branched out into LED lighting from the LCD sector. Wintek has found an LED-lighting business division with a team of 20-30 specialists. The division began shipping the lamps in the second half of 2010, hav...

More and more Taiwanese display panel makers have involved in the production of AMOLED display, because of the optimistic outlooks of the market for such products. Insists on the opinion that AMOLED displays will replace TFT LCDs as the mainstream display panel for smartphones, Wintek Corp.,has switched part of its existing production lines for TFT LCDs to AMOLED displays. At present, its touch panels have contributed over 70% to the firm`s revenue, and TFT LCDs the remainder.