2013-08-15

Behind The Scenes of Chi Mei’s Fall From Glory

Once a rising star, Chi Mei Lighting is now knee deep in debt with no help on the horizon by its two wealthy shareholders Foxconn Electronics and Chi Mei Corp. Founder and chairman of Foxconn Terry Gou wholeheartedly supports his affiliate company Advanced Optoelectronic Technology (AOT) but has washed his hands of Chi Mei’s financial crisis. Chi Mei Corp also refuses to meddle with Chi Mei’s depreciating assists. Before Chi Mei went out of business, the company’s entire executive staff deserted the company leaving it high and dry.
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