Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
?
EE Times-Asia > Optoelectronics/Displays
?
?
Optoelectronics/Displays??

CMO to invest $60M in Ningbo LCD modules plant

Posted: 07 Apr 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Chi Mei Optoelectronics? CMO? LCD module?

Chi Mei Optoelectronics Corp. (CMO) announced that its board of directors approved the company's proposed investment of $60 million in its LCD module facilities in Ningbo, China. The company will also invest $30 million to establish a new LCD module company in southern China.

According to the Taiwan-based panel maker, the investments will require approval from the investment commission of the Ministry of Economic Affairs (MOEA) of Taiwan.

CMO CFO Eddie Chen disclosed that the $60 million financing will be allotted to purchase the remaining shares of Chi Mei Optoelectronics (Ningbo). The plant has started operations in building A while building B is currently under construction. Chen added that the total capacity of the two production facilities is expected to reach 1.5 million units by the first half of next year.

Meanwhile, the $30 million investment will be used to set up a second LCD module company, which will have CMO as its full owner. The company was reported to be considering Guangdong and Fujian as possible sites for the new company.




Article Comments - CMO to invest $60M in Ningbo LCD mod...
Comments:??
*? You can enter [0] more charecters.
*Verify code:
?
?
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

?
?
Back to Top