World trade authorities have ordered the European Union to scrap tariffs on three types of consumer electronics from Taiwan, Japan and the United States no later than June, ending a 3-year-old trade dispute.
Technology shares in Taiwan soared on Monday after LCD monitor maker Innolux Display announced its intention to buy Chi Mei Optoelectronics, the biggest acquisition ever on the island and one that will reshape Taiwan's display industry.
Taiwan's biggest LCD monitor maker on Saturday agreed to buy the island's second largest LCD screen maker in a bid to compete with South Korea's market leading giants.
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