NEC, SVA to expand LCD output with $710m plant
NEC and Chinese electronics group SVA yesterday said they will together invest an initial $710 million to construct a new fifth-generation LCD plant in China.
The fab will produce 1.1 x 1.3m glass substrates from which a number of large LCD panels for PC monitors and TV screens can be cut.
The plant will be located in Shanghai and its output primarily used to target the Chinese market. SVA is contributing 75 per cent of the up-front cost of the plant, NEC the remaining 25 per cent.
The plant, which is due to begin production in October 2004, will be run by an NEC-SVA joint venture.
Earlier this week, Samsung said it would be spending a total of $963 million on its latest, sixth-generation LCD plant. ®