Unit of Taiwan’s Innolux buys former Japanese TV maker Pioneer for $1.1bn

TAIPEI (Reuters) — CarUX, a smart cockpit solutions provider and a subsidiary of Taiwan’s display maker Innolux said on Thursday it will acquire Japan’s Pioneer Corporation in a deal valued at 163.6 billion yen (around $1.1 billion).

Pioneer was once a major Japanese player in consumer electronics, whose decline presaged the broader industry shake-up to come as Japanese manufacturers were unable to keep with larger, more efficient producers like South Korea’s Samsung Electronics.