Packaging and testing company ChipMOS Technologies is expected to expand production capacity for LCD driver ICs during 2016 as the company is positive about Ultra HD TV demand, according to market sources.

ChipMOS' production capacity for LCD driver ICs is set to increase 7-8% in 2016, said the sources.

In addition, China's BOE Technology will reportedly place huge orders with ChipMOS. Previous reports also indicated BOE plans to make an equity investment for a stake in ChipMOS' Shanghai plant.

ChipMOS has responded saying the reports were speculation and declined to comment on them.

Sales generated from the LCD driver IC sector account for about 40% of ChipMOS' overall revenues, followed by those from DRAM products with 30% and flash with 15%.

By: DocMemory
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