Qualcomm to build $1 billion panel plant in Taiwan

Reuters | January 3, 2011 | Baker Li

(Reuters) – U.S.-based Qualcomm Inc will invest nearly $1 billion in Taiwan this year to build a display plant to tap growing demand for new portable devices including electronics reading devices.

Taiwan’s economics ministry said in a statement on Monday that Qualcomm had decided to build the new factory in Hsinchu, northern Taiwan. It did not say when the plant would be built.

The plant would use power-saving Mirasol technology to produce smaller size panels. Analysts say Mirasol and other similar displays are suitable for mobile devices including mobile phones, navigation devices as well as electronics readers.

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