Taiwan touch-panel maker TPK to invest $1 bln

Mar 03, 2013

Taiwan's TPK Holding, a leading manufacturer of touch screens for Apple, will invest up to Tw$30 billion ($1.01 billion) this year to meet robust demand for mobile and other devices, media reported Sunday.

The capital will be used to raise production on the island and in China's coastal Fujian province, company chairman Michael Chiang said while breaking ground for a new plant in central Taiwan Saturday.

Its existing research and development unit in Taiwan will also be expanded, he said, according to the Economic Daily News and the Commercial Times.

The company's touch screens are used in smartphones, tablet PCs, , electronic books and other consumer electronic items.

The company saw its revenue surge to $5.98 billion in 2012 from $4.74 billion in 2011.

Explore further: Verizon 1Q profit surges on Vodafone-related gains

add to favorites email to friend print save as pdf

Related Stories

Taiwan Semiconductor profits up nearly 25%

Jan 27, 2011

Taiwan Semiconductor Manufacturing Co, the world's leading contract microchip maker, said Thursday its profits in the three months to December rose nearly 25 percent on the back of strong demand.

Taiwan's HTC expects 30 percent sales plunge in 1Q

Feb 06, 2012

Taiwan's leading smartphone maker HTC forecast Monday that its revenue in the three months to March may plunge 30 percent from a year ago, as competitors Apple and Samsung take their grip on the market.

Taiwan's TSMC to invest over $9 billion in plant

Jul 16, 2010

Taiwan Semiconductor Manufacturing Co., the world's largest contract microchip maker, said Friday it would invest more than nine billion US dollars building a new plant on the island.

US tech giant Qualcomm to build new Taiwan plant

Jan 04, 2011

US technology giant Qualcomm plans to spend one billion US dollars to build a plant in Taiwan to produce new, energy-efficient displays used in tablet devices and e-books, an official said Tuesday.

Recommended for you

Amazon launches grocery service for Prime members

9 hours ago

Amazon is taking aim at grocery stores and discounters like Wal-Mart with a grocery service that lets its Prime loyalty club members fill up to a 45-pound box with groceries and get it shipped for a flat rate of $5.99.

Facebook buys fitness app Moves

13 hours ago

Facebook has bought the fitness app Moves, which helps users monitor daily physical activity and their calorie counts on a smartphone.

User comments : 0

More news stories

Genetic code of the deadly tsetse fly unraveled

Mining the genome of the disease-transmitting tsetse fly, researchers have revealed the genetic adaptions that allow it to have such unique biology and transmit disease to both humans and animals.