May 6, 2005
AU Optronics Corp. announced in late April its decision to construct Taiwan's first 7.5 generation liquid crystal display panel plant. Requiring an initial investment of
NTD 35 billion, AUO has chosen to locate the new plant in the Central Taiwan Science Park, the main home of Taiwan's enormous optoelectronics industry.
The new AUO plant will manufacture 42-inch and 47-inch wide-panels to be used as television screens and will boast a monthly production capacity of 30,000 panels. AUO has chosen to move ahead with this plan as it anticipates significant growth in the large LCD TV panel market.
Construction is set to kick off soon and the plant's first panels could roll off the production line in the fourth quarter of 2006 at the earliest.
AUO will cover the initial
NTD 35 billion investment cost with a syndicated loan. For further funding, the optoelectronics giant will also pitch the idea of issuing American Depositary Receipts at its annual shareholders meeting this year.
(Central News Agency)
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