Taiwan's AU Optronics, China firm to set up joint venture

Jun 22, 2009

Taiwan's AU Optronics Corp said Monday it would set up a flat panel display joint venture with China's Sichuan Changhong Electric Co as it tries to tap the huge Chinese market.

Both will invest 100 million yuan (15 million US) to build a liquid crystal display (LCD) module plant in Sichuan province with the Taiwanese firm taking a 51 percent stake and Changhong the reminder, an AU Optronics spokeswoman said.

AU Optronics currently operates LCD module plants in Xiamen, Suzhou and Shanghai.

"The Sichuan shows AU Optronics are moving from the Chinese coastal cities to the inner area to embrace the huge market," the spokeswoman said.

"Since Changhong has been one of our clients in China, the project is kind of a strategic investment," she said.

Changhong is one of China's leading home appliance manufacturers, while AU Optronics is the world's third largest flat panel maker in terms of sales after Co. and LG Philips Co.

The spokeswoman said the investment is pending approval from authorities on both sides of the Strait, adding the is expected to begin operations in the fourth quarter of this year.

(c) 2009 AFP

Explore further: Turner channels removed from Dish amid pact spat

add to favorites email to friend print save as pdf

Related Stories

SAMSUNG Electronics Regains No. 1 Spot in LCD Market

Dec 20, 2004

Samsung Electronics regained the No. 1 position in the global liquid crystal display (LCD) market last month from LG.Philips LCD, according to the Texas-based display market research firm, DisplaySearch. The electronics gian ...

Nokia and China Putian to set up 3G joint venture

Oct 13, 2005

Nokia and China Putian today signed an agreement to set up a joint venture to focus on R&D, manufacturing and sales of 3G network solutions for TD-SCDMA and WCDMA technologies. Through this joint venture the two companies ...

Recommended for you

Turner channels removed from Dish amid pact spat

4 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

5 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

13 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

User comments : 0