FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

July 24, 2008

Commission File Number 001-31335

AU Optronics Corp.

(Translation of registrant’s name into English)

No. 1 Li-Hsin Road 2

Hsinchu Science Park

Hsinchu, Taiwan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  X   Form 40-F ___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the

jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ..... No ..X...

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

Not applicable

INDEX TO EXHIBITS

Item

1.   Press release entitled, ”AU Optronics Corp. Reports 2Q2008 Results”, dated July 24, 2008.

2.   Investor Conference Materials entitled, “AU Optronics Corp. Second Quarter 2008 Results”, dated July 24, 2008.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AU Optronics Corp.
Date: July 24, 2008	By:	/s/ Max Cheng
		Name:	Max Cheng
		Title:	Chief Financial Officer

Item 1

News Release

AU Optronics Corp. Reports 2Q2008 Results

Issued by: AU Optronics Corp.

Issued on: July 24, 2008

Hsinchu, Taiwan, July 24, 2008 –

AUO Second Quarter 2008 Unaudited Consolidated Financial Highlights:

* Revenue: NT$123.48 billion (US$ 4.1 billion*), 9.6% QoQ decline

* Net income after tax: NT$20.39 billion (US$672 million)

* Basic Earnings per Share: NT$2.57 (or US$0.84 per ADR)

* Gross margin: 25%, Operating margin: 19.5%

AU Optronics Corp. ("AUO"or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its second quarter 2008 unaudited consolidated revenue of NT$123.48 billion and net income of NT$ 20.39 billion, which attributable to equity holders of the parent company was NT$20.17 billion. And, basic EPS equaled NT$2.57 per common share (US$ 0.84 per ADR). For the first half year ended June 30, 2008, AUO's consolidated revenues totaled NT$260.106 billion (US$8.57 billion), net income NT$47.4 billion (US$1,561million), and basic EPS NT$5.98 per common share (US$1.97 per ADR.)

The company shipped large-sized panel of 21.85 million units, a 0.8% sequentially decreased but a 12% YoY increase. Small- and medium-sized panel shipments amounted to 41.88 million, increased 11.1% QoQ and 29.9% YoY respectively.

Mr. Max Cheng, CFO and Spokesperson of AUO noted that owing to the slow season and uncertainties of the current macro environment, shipments and ASP in both IT and TV panels were lower than its previous expectations.  However, AUO not only adjusted the product portfolio to meet with the changes of market demand, but also cautiously managed its inventory level (including raw materials, work-in-progress and finish goods) to be at around 40 days.  Therefore, AUO was able to report its gross margin and operating margin of 25.0% and 19.5% respectively, and net income of NT$ 20.4 billion, a substantial improvement from NT 5.9 billion in 2Q2007.  As a result, AUO continuously reduced the debt ratio and strengthened its financial structure to cope with any unexpected challenges in the future.

2

* Amounts converted by an exchange rate of NTD30.36 :USD1 as of June 30, 2008.

* All financial information was unaudited and was prepared by the Company in accordance with generally accepted accounting principles in Taiwan (“ROC GAAP”)

#                      #                      #

ABOUT AU OPTRONICS

AU Optronics Corp. (“AUO”) is the world’s 2nd largest manufacturer* of large-sized thin film transistor liquid crystal display panels (“TFT-LCD”), with approximately 20%* of global market share in 1Q/2008 and revenues of NT$480.2 billion (US$14.81billion)* in 2007.  TFT-LCD technology is currently the most widely used flat panel display technology.  Targeted for 40”+ sized LCD TV panels, AUO’s new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006.  The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development.  AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large-sized (1.5”-65”) TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.

* DisplaySearch 1Q2008 WW Large-Area TFT-LCD Shipment Report dated Apr 24, 2008.  This data is used as reference only and AUO does not make any endorsement or representation in connection therewith. 2007 year end revenue converted by an exchange rate of NTD32.43:USD1.

SafeHarbour Notice

AU Optronics Corp. (“AUO” or the “Company”) (TAIEX: 2409; NYSE: AUO), the world’s third largest manufacturer of large-size TFT-LCD panels, today announced the above news.  Except for statements in respect of historical matters, the statements contained in this Release are “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements were based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the flat panel display industry, the TFT-LCD market, acceptance and demand for our products, technological and development risks, competitive factors, and other risksdescribed in the section entitled "Risk Factors" in our Form 20-F filed with the United States Securities and Exchange Commission on December 31, 2006.

For more information, please contact:

Fiona Chiu	Yawen Hsiao
Corporate Communications Dept	Corporate Communications Dept.
AU Optronics Corp	AU Optronics Corp.
Tel:  +886-3-5008899 ext 3206	+886-3-5008899 ext 3211
Fax: +886-3-5772730	+886-3-5772730
Email: fiona.chiu@auo.com	yawen.hsiao@auo.com

Item 2

AU Optronics Corp. Second Quarter 2008 Results Investor Conference <

> Safe Harbor Notice The statements included in this presentation that are not historical in nature are "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934. These forward-looking statements, which may include statements regarding AU Optronics' future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics' current expectations. Actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis; our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT-LCD industry; possible disruptions in commercial activities caused by natural and human-induced disasters, including terrorist activity and armed conflict; and fluctuations in foreign currency exchange rates. In addition, any financial information contained herewithin is presented in conformity with accounting principles generally accepted in the Republic of China ("ROC GAAP"). Readers should be cautioned that these accounting principles differ in many material respects from accounting principles generally accepted in the United States of America ("US GAAP"). Our release of financial forecasts and forward-looking statements at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any obligation to publicly update or revise any forecasts or forward-looking statements, whether as a result of new information, future events or otherwise. Additional information as to these and other factors that may cause actual results to differ materially from AU Optronics' forward-looking statements or some of the major differences between ROC GAAP and US GAAP can be found in AU Optronics' Annual Report on Form 20-F with respect to the year ended December, 2007 filed with the United States Securities and Exchange Commission. 2 AUO Proprietary & Confidential <

> Consolidated Income Statement Amount : NT$ Million Except Per Share Data Net Sales 123,476 100.0% 136,630 100.0% Cost of Goods Sold (92,661) (75.0%) (99,546) (72.9%) ----------------------------------------------- Gross Profit 30,815 25.0% 37,084 27.1% Operating Expenses (6,754) (5.5%) (6,774) (5.0%) ----------------------------------------------- Operating Income 24,062 19.5% 30,310 22.2% Net Non-operating Expenses (444) (0.4%) (1,456) (1.1%) ----------------------------------------------- Income before Tax 23,617 19.1% 28,855 21.1% ----------------------------------------------- Net Income 20,392 16.5% 26,985 19.8% ----------------------------------------------- Attributable to: Equity holders of the parent company 20,165 16.3% 26,861 19.7% Minority interest 226 0.2% 124 0.1% ----------------------------------------------- Net Income 20,392 16.5% 26,985 19.8% ----------------------------------------------- Basic EPS (NT$)(a) 2.57 3.41 Operating Income + D&A 44,044 35.7% 50,114 36.7% Unit Shipments (mn)(b) Large Size Panels 21.8 22.0 Small & Medium Size Panels 41.9 37.7 Net Sales (9.6%) 106,009 100.0% Cost of Goods Sold (6.9%) (93,890) (88.6%) -------------------------------------------- Gross Profit (16.9%) 12,119 11.4% Operating Expenses (0.3%) (5,193) (4.9%) -------------------------------------------- Operating Income (20.6%) 6,926 6.5% Net Non-operating Expenses (69.5%) (851) (0.8%) -------------------------------------------- Income before Tax (18.2%) 6,076 5.7% -------------------------------------------- Net Income (24.4%) 5,917 5.6% -------------------------------------------- Attributable to: Equity holders of the parent company (24.9%) 5,987 5.6% Minority interest 82.0% (70) (0.1%) -------------------------------------------- Net Income (24.4%) 5,917 5.6% -------------------------------------------- Basic EPS (NT$)(a) (24.7%) 0.79 Operating Income + D&A (12.1%) 27,758 26.2% Unit Shipments (mn)(b) Large Size Panels (0.8%) 19.5 Small & Medium Size Panels 11.1% 32.2 - Unaudited, prepared by AUO on a consolidated basis (a) Basic EPS was calculated based on the total diluted weighted average outstanding shares of each quarter (7,867m shares in 2Q08, 7,867m shares in 1Q08 and 7,576m shares in 2Q07) by retroactively adjusting to stock dividend and stock bonus (b) Large size refers to panels that are 10 inches and above 3 AUO Proprietary & Confidential <

> Consolidated Balance Sheet Highlights Amount : NT$ Million Cash & ST Investment 93,048 114,944 (19.0%) 21,814 Inventory 43,737 37,238 17.5% 44,681 Short Term Debt(a) 41,694 38,667 7.8% 39,346 Long Term Debt 96,990 138,777 (30.1%) 166,571 Equity 326,337 327,254 (0.3%) 240,438 Total Assets 622,808 637,215 (2.3%) 557,468 Inventory Turnover (Days)(b) 40 33 43 Debt to Equity 42.5% 54.2% 85.6% Net Debt to Equity 14.3% 19.5% 77.3% - Unaudited, prepared by AUO on a consolidated basis (a) Short term debt refers to all interest bearing debt maturing within one year (b) Calculated by dividing the average inventory into the annualized cost of goods sold during such period, then multiplying by 365 days AUO Proprietary & 4 Confidential <

> Consolidated Cash Flow Highlights Amount : NT$ Million From Operating Activities 40,631 45,791 (5,159) Net Profit 20,392 26,985 (6,594) Depreciation & Amortization 19,983 19,803 179 Net Change in Working Capital (970) (1,024) 53 ------------------------------------------------------------------------------------------------ From Investing Activities (23,261) (22,712) (548) Capital Expenditure (21,096) (22,283) 1,187 ------------------------------------------------------------------------------------------------ From Financing Activities (39,137) 1,213 (40,351) Net Change in Debt (39,169) 1,222 (40,391) ------------------------------------------------------------------------------------------------ Net Change in Cash(a) (21,671) 23,851 (45,522) - Unaudited, prepared by AUO on a consolidated basis (a) In addition to cash generated from operating, investing and financing activities, net change in cash also included effect on currency exchange of foreign subsidiaries . AUO Proprietary & 5 Confidential <

> Consolidated Revenues by Application <

> Large Panel - ASP by Unit <

> Consolidated Shipments & ASP by Area <

> Consolidated Small & Medium Panel Shipments & Revenues <

> Capacity by Fab -------------------------------------------------------------------------------- LA (G3.5) 610 x 720 40,000 40,000 -------------------------------------------------------------------------------- LB (G3.5) 610 x 720 20,000 LTPS 20,000 LTPS -------------------------------------------------------------------------------- LC (G3.5) 600 x 720 60,000 60,000 -------------------------------------------------------------------------------- LD (G3.5) 620 x 750 30,000 30,000 -------------------------------------------------------------------------------- LA (G4.0) 680 x 880 60,000 60,000 -------------------------------------------------------------------------------- LA (G5.0) 1100 x 1250 50,000 50,000 -------------------------------------------------------------------------------- LB (G5.0) 1100 x 1300 70,000 70,000 -------------------------------------------------------------------------------- LC (G5.0) 1100 x 1300 120,000 120,000 -------------------------------------------------------------------------------- LD (G5.0) 1100 x 1300 70,000 70,000 -------------------------------------------------------------------------------- LA (G6.0) 1500 x 1850 120,000 120,000 -------------------------------------------------------------------------------- L6B(G6.0) 1500 x 1850 100,000 120,000 -------------------------------------------------------------------------------- LA (G7.5) 1950 x 2250 60,000 75,000 -------------------------------------------------------------------------------- Capacity based on monthly glass substrate input 10 AUO Proprietary & Confidential <

> www.auo.com ir@auo.com

AU OPTRONICS CORP.

CONSOLIDATED BALANCE SHEET

June 30, 2008 and 2007

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD))

	June 30, 2008									June 30, 2007						YoY
ASSETS	USD			NTD			%			NTD			%			Change			%
Cash and Cash Equivalents		3,033			92,070			14.8			20,034			3.6			72,036			359.6
Available-for-Sale Financial Assets - Current		32			978			0.2			1,780			0.3			(801	)		(45.0	)
Notes & Accounts Receivables		2,078			63,074			10.1			61,134			11.0			1,941			3.2
Other Current Financial Assets		140			4,236			0.7			1,183			0.2			3,052			257.9
Inventories		1,441			43,737			7.0			44,681			8.0			(943	)		(2.1	)
Other Current Assets		373			11,311			1.8			5,289			0.9			6,022			113.8
Total Current Assets		7,095			215,406			34.6			134,101			24.1			81,305			60.6
Long-term Investments		314			9,538			1.5			5,972			1.1			3,566			59.7
Fixed Assets		21,040			638,778			102.6			575,865			103.3			62,914			10.9
Less Accumulated Depreciation		(8,728	)		(264,968	)		(42.5	)		(190,383	)		(34.2	)		(74,585	)		39.2
Net Fixed Assets		12,313			373,810			60.0			385,481			69.1			(11,671	)		(3.0	)
Other Assets		792			24,054			3.9			31,913			5.7			(7,859	)		(24.6	)
Total Assets		20,514			622,808			100.0			557,468			100.0			65,340			11.7
LIABILITIES
Short-term Borrowings		18			531			0.1			743			0.1			(212	)		(28.5	)
Accounts Payable		2,856			86,704			13.9			77,062			13.8			9,642			12.5
Current Installments of Long-term Borrowings		1,356			41,163			6.6			38,602			6.9			2,560			6.6
Current Financial Liabilities		11			334			0.1			630			0.1			(296	)		(47.0	)
Accrued Expense & Other Current Liabilities		980			29,748			4.8			13,989			2.5			15,759			112.7
Dividend Payable		648			19,671			3.2			1,515			0.3			18,156			1198.6
Machinery and Equipment Payable		701			21,293			3.4			17,796			3.2			3,497			19.7
Total Current Liabilities		6,569			199,444			32.0			150,337			27.0			49,106			32.7
Long-term Borrowings		2,817			85,533			13.7			138,622			24.9			(53,089	)		(38.3	)
Bonds Payable		377			11,457			1.8			27,949			5.0			(16,492	)		(59.0	)
Other Long-term Liabilities		1			38			0.0			121			0.0			(84	)		(69.0	)
Total Long-term Liabilities		3,196			97,028			15.6			166,692			29.9			(69,665	)		(41.8	)
Total Liabilities		9,765			296,471			47.6			317,030			56.9			(20,558	)		(6.5	)
SHAREHOLDERS’ EQUITY
Common Stock		2,592			78,682			12.6			75,738			13.6			2,944			3.9
Capital Collected In Advance		0			2			0.0			231			0.0			(229	)		(99.2	)
Stock Dividends To Be Distributed		210			6,371			1.0			2,088			0.4			4,283			205.1
Capital Surplus		3,752			113,917			18.3			111,517			20.0			2,400			2.2
Retained Earnings		3,813			115,751			18.6			40,994			7.4			74,757			182.4
Cumulative Translation Adjustments		36			1,106			0.2			596			0.1			510			85.6
Unrealized Gain/Loss on Financial Products		37			1,118			0.2			392			0.1			726			185.3
Deferred Compensation Cost		0			0			0.0			(2	)		0.0			2			–
Minority Interest		309			9,390			1.5			8,884			1.6			506			5.7
Total Shareholders’ Equity		10,749			326,337			52.4			240,438			43.1			85,899			35.7
Total Liabilities & Shareholders’ Equity		20,514			622,808			100.0			557,468			100.0			65,340			11.7

Note:       (1) Unaudited, prepared by AUO based on ROC GAAP

(2) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.36 per USD as of June 30, 2008

AU OPTRONICS CORP.

CONSOLIDATED INCOME STATEMENT

For the Three Months Ended June 30, 2008 and 2007 and March 31, 2008

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)

	Year over Year Comparison															Sequential Comparison
	2Q 2008						% of			2Q 2007			YoY			2Q 2008						% of			1 Q 2008			QoQ
	USD			NTD			Sales			NTD			Chg %			USD			NTD			Sales			NTD			Chg %
Net Sales		4,067			123,476			100.0			106,009			16.5			4,067			123,476			100.0			136,630			(9.6	)
Cost of Goods Sold		3,052			92,661			75.0			93,890			(1.3	)		3,052			92,661			75.0			99,546			(6.9	)
Gross Profit		1,015			30,815			25.0			12,119			154.3			1,015			30,815			25.0			37,084			(16.9	)
Operating Expenses
SG&A		169			5,140			4.2			3,943			30.3			169			5,140			4.2			5,087			1.1
R&D		53			1,613			1.3			1,249			29.1			53			1,613			1.3			1,687			(4.4	)
		222			6,754			5.5			5,193			30.1			222			6,754			5.5			6,774			(0.3	)
Operating Income		793			24,062			19.5			6,926			247.4			793			24,062			19.5			30,310			(20.6	)
Net Non-Operating Expenses		(15	)		(444	)		(0.4	)		(851	)		(47.8	)		(15	)		(444	)		(0.4	)		(1,456	)		(69.5	)
Income before Income Tax		778			23,617			19.1			6,076			288.7			778			23,617			19.1			28,855			(18.2	)
Income Tax Expense		(106	)		(3,226	)		(2.6	)		(159	)		1,934.1			(106	)		(3,226	)		(2.6	)		(1,869	)		72.6
Net Income		672			20,392			16.5			5,917			244.6			672			20,392			16.5			26,985			(24.4	)
Attributable to:
Equity Holders of The Parent Company		664			20,165			16.3			5,987			236.8			664			20,165			16.3			26,861			(24.9	)
Minority Interest		7			226			0.2			(70	)		–			7			226			0.2			124			82.0
Net Income		672			20,392			16.5			5,917			244.6			672			20,392			16.5			26,985			(24.4	)
Basic Earnings Per Share		0.08			2.57						0.79						0.08			2.57						3.41
Basic Earnings Per ADR(3)		0.84			25.63						7.90						0.84			25.63						34.15
Weighted-Average Shares Outstanding (‘M)					7,867						7,576									7,867						7,867

Note:   (1) Unaudited, prepared by AUO based on ROC GAAP

(2) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NT$30.36 per USD as of June 30, 2008

(3) 1 ADR equals 10 common shares

AU OPTRONICS CORP.

CONSOLIDATED STATEMENT OF CASH FLOWS

For the Period Ended June 30, 2008 and 2007

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD))

	1 H 2008						1 H 2007
	USD			NTD			NTD
Cash Flows from Operating Activities:
Net Income		1,561			47,377			812
Depreciation & Amortization		1,310			39,786			40,024
Provision for Inventory Devaluation		14			429			64
Investment Loss (Gain) under Equity Method		(1	)		(19	)		41
Changes in Working Capital & Others		(38	)		(1,151	)		(3,123	)
Net Cash Provided by Operating Activities		2,847			86,422			37,818
Cash Flows from Investing Activities:
Proceeds from Disposal of AFS Investments		9			270			11
Acquisition of Property, Plant and Equipment		(1,429	)		(43,379	)		(43,450	)
Proceeds from Disposal of Property, Plant and Equipment		1			32			17
Increase in Long-term Investments		(67	)		(2,039	)		(722	)
Increase in Deferred Assets and Intangible Assets		(26	)		(776	)		(1,421	)
Decrease (Increase) in Other Assets		(3	)		(81	)		152
Net Cash Used in Investing Activities		(1,514	)		(45,973	)		(45,413	)
Cash Flows from Financing Activities:
Increase (Decrease) in Short-term Borrowings		13			395			(2,986	)
Increase in Guarantee Deposits		0			5			0
Decrease in Long-term Borrowings and Bonds Payable		(1,263	)		(38,342	)		(15,053	)
Employee Stock Options Exercised		1			19			45
Change in Minority Interest		(0	)		(2	)		407
Net Cash Used by Financing Activities		(1,249	)		(37,924	)		(17,586	)
Cash Proceeds from QDI and CFI Acquisition		0			0			1,604
Effect of Exchange Rate Changes on Cash		(11	)		(345	)		(314	)
Net Decrease (Increase) in Cash and Cash Equivalents		72			2,180			(23,891	)
Cash and Cash Equivalents at Beginning of Period		2,961			89,890			43,926
Cash and Cash Equivalents at End of Period		3,033			92,070			20,034

Note: (1) Unaudited, prepared by AUO based on ROC GAAP

(2) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.36 per USD as of June 30, 2008

AU OPTRONICS CORP.

UNCONSOLIDATED BALANCE SHEET

June 30, 2008 and 2007

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD))

	June 30, 2008									June 30, 2007						YoY
ASSETS	USD			NTD			%			NTD			%			Change			%
Cash and Cash Equivalents		2,630			79,848			13.6			15,796			3.0			64,052			405.5
Available-for-Sale Financial Assets - Current		32			978			0.2			1,780			0.3			(801	)		(45.0	)
Notes & Accounts Receivables		2,053			62,334			10.7			61,526			11.7			807			1.3
Other Current Financial Assets		32			979			0.2			1,092			0.2			(113	)		(10.3	)
Inventories		1,307			39,668			6.8			40,579			7.7			(911	)		(2.2	)
Other Current Assets		360			10,925			1.9			5,084			1.0			5,841			114.9
Total Current Assets		6,414			194,731			33.3			125,856			23.8			68,875			54.7
Long-term Investments		1,204			36,546			6.2			28,089			5.3			8,457			30.1
Fixed Assets		18,625			565,467			96.6			511,450			96.9			54,017			10.6
Less Accumulated Depreciation		(7,694	)		(233,592	)		(39.9	)		(167,181	)		(31.7	)		(66,411	)		39.7
Net Fixed Assets		10,931			331,875			56.7			344,269			65.2			(12,394	)		(3.6	)
Other Assets		727			22,060			3.8			29,753			5.6			(7,693	)		(25.9	)
Total Assets		19,276			585,212			100.0			527,967			100.0			57,245			10.8
LIABILITIES
Accounts Payable		2,876			87,325			14.9			77,066			14.6			10,260			13.3
Current Installments of Long-term Borrowings		1,208			36,673			6.3			34,914			6.6			1,759			5.0
Current Financial Liabilities		11			319			0.1			617			0.1			(298	)		(48.2	)
Accrued Expense & Other Current Liabilities		797			24,195			4.1			11,594			2.2			12,601			108.7
Dividend Payable		648			19,671			3.4			1,515			0.3			18,156			1198.6
Machinery and Equipment Payable		594			18,029			3.1			15,113			2.9			2,917			19.3
Total Current Liabilities		6,133			186,212			31.8			140,817			26.7			45,395			32.2
Long-term Borrowings		2,325			70,577			12.1			127,536			24.2			(56,959	)		(44.7	)
Bonds Payable		377			11,457			2.0			27,949			5.3			(16,492	)		(59.0	)
Other Long-term Liabilities		1			19			0.0			111			0.0			(92	)		(82.9	)
Total Long-term Liabilities		2,703			82,053			14.0			155,596			29.5			(73,543	)		(47.3	)
Total Liabilities		8,836			268,265			45.8			296,413			56.1			(28,148	)		(9.5	)
SHAREHOLDERS’ EQUITY
Common Stock		2,592			78,682			13.4			75,738			14.3			2,944			3.9
Capital Collected In Advance		0			2			0.0			231			0.0			(229	)		(99.2	)
Stock Dividends To Be Distributed		210			6,371			1.1			2,088			0.4			4,283			205.1
Capital Surplus		3,752			113,917			19.5			111,517			21.1			2,400			2.2
Retained Earnings		3,813			115,751			19.8			40,994			7.8			74,757			182.4
Cumulative Translation Adjustments		36			1,106			0.2			596			0.1			510			85.6
Unrealized Gain/Loss on Financial Products		37			1,118			0.2			392			0.1			726			185.3
Deferred Compensation Cost		0			0			0.0			(2	)		0.0			2			–
Total Shareholders’ Equity		10,440			316,947			54.2			231,554			43.9			85,393			36.9
Total Liabilities & Shareholders’ Equity		19,276			585,212			100.0			527,967			100.0			57,245			10.8

Note:   (1) Unaudited, prepared by AUO based on ROC GAAP

(2) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.36 per USD as of June 30, 2008

AU OPTRONICS CORP.

UNCONSOLIDATED INCOME STATEMENT

For the Three Months Ended June, 2008 and 2007 and March 31, 2008

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)

	Year over Year Comparison															Sequential Comparison
	2Q 2008						% of			2Q 2007			YoY			2Q 2008						% of			1Q 2008			QoQ
	USD			NTD			Sales			NTD			Chg %			USD			NTD			Sales			NTD			Chg %
Net Sales		4,031			122,373			100.0			105,929			15.5			4,031			122,373			100.0			136,239			(10.2	)
Cost of Goods Sold		3,090			93,813			76.7			95,430			(1.7	)		3,090			93,813			76.7			100,668			(6.8	)
Gross Profit		941			28,560			23.3			10,499			172.0			941			28,560			23.3			35,571			(19.7	)
Operating Expenses
SG&A		143			4,354			3.6			3,276			32.9			143			4,354			3.6			4,294			1.4
R&D		53			1,613			1.3			1,231			31.0			53			1,613			1.3			1,687			(4.4	)
		197			5,967			4.9			4,507			32.4			197			5,967			4.9			5,981			(0.2	)
Operating Income		744			22,593			18.5			5,992			277.1			744			22,593			18.5			29,591			(23.6	)
Net Non-Operating Income (Expenses)		30			914			0.7			(33	)		—			30			914			0.7			(864	)		—
Income before Income Tax		774			23,507			19.2			5,959			294.5			774			23,507			19.2			28,727			(18.2	)
Income Tax Benefit (Expense)		(110	)		(3,341	)		(2.7	)		28			—			(110	)		(3,341	)		(2.7	)		(1,865	)		79.1
Net Income		664			20,165			16.5			5,987			236.8			664			20,165			16.5			26,861			(24.9	)
Basic Earnings Per Share		0.08			2.57						0.79						0.08			2.57						3.41
Basic Earnings Per ADR(3)		0.84			25.63						7.90						0.84			25.63						34.15
Weighted-Average Shares Outstanding (‘M)					7,867						7,576									7,867						7,867

Note:    (1) Unaudited, prepared by AUO based on ROC GAAP

(2) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NT$30.36 per USD as of June 30, 2008

(3) ADR equals 10 common shares

AU OPTRONICS CORP.

UNCONSOLIDATED STATEMENT OF CASH FLOWS

For the Period Ended June 30, 2008 and 2007

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD))

	1 H 2008						1 H 2007
	USD			NTD			NTD
Cash Flows from Operating Activities:
Net Income		1,549			47,026			882
Depreciation & Amortization		1,162			35,290			36,635
Provision for Inventory Devaluation		14			412			11
Investment Gain under Equity Method		(44	)		(1,331	)		(614	)
Changes in Working Capital & Others		29			887			(2,689	)
Net Cash Provided by Operating Activities		2,710			82,284			34,224
Cash Flows from Investing Activities:
Proceeds from Disposal of AFS Investments		10			300			0
Acquisition of Property, Plant and Equipment		(1,280	)		(38,849	)		(37,905	)
Proceeds from Disposal of Property, Plant and Equipment		8			241			4
Increase in Long-term Investments		(148	)		(4,506	)		(3,116	)
Increase in Deferred Assets and Intangible Assets		(25	)		(745	)		(1,420	)
Decrease (Increase) in Other Assets		(1	)		(44	)		145
Net Cash Used in Investing Activities		(1,436	)		(43,603	)		(42,291	)
Cash Flows from Financing Activities:
Decrease in Guarantee Deposits		(0	)		(1	)		(2	)
Repayment of Long-term Borrowings and Bonds Payable		(1,296	)		(39,348	)		(17,204	)
Employee Stock Options Exercised		1			19			45
Net Cash Used by Financing Activities		(1,295	)		(39,329	)		(17,161	)
Effect of Exchange Rate Changes on Cash		(1	)		(35	)		(17	)
Net Decrease in Cash and Cash Equivalents		(23	)		(684	)		(25,245	)
Cash and Cash Equivalents at Beginning of Period		2,653			80,532			41,042
Cash and Cash Equivalents at End of Period		2,630			79,848			15,796

Note:  (1) Unaudited, prepared by AUO based on ROC GAAP

(2) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.36 per USD as of June 30, 2008