The planned merger of Forhouse and Taiwan Nano Electro-Optical Technology, two LED backlight unit BLU makers under the AUO Group, has been approved by the government to take effect on September 15, with the former being the surviving company, according to the companies.
The merger will be completed via a stock swap of 1.51 of Taiwan Nano share for one Forhouse share.
Currently, Forhouse is focused on production for LED BLU for LCD monitors and TVs, and Taiwan Nano produces BLU for use in notebooks. Another AUO subsidiary Darwin Precisions makes BLU for LED TV applications.
