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 Japan set up International Display Technology, which it subsequently sold to
Sony 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 conspiracy with respect to sales of TFT-LCDs between 2001 and 2006. ==See also==