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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Qualcomm to build $1 billion panel plant in Taiwan Reuters - Monday, January 3 Send IM Story Print TAIPEI - 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. The investment had first been reported in August. The ministry said Qualcomm's investment would help boost display technology and create job opportunities in Taiwan, which is already home to Chimei Innolux Corp and AU Optronics Corp, the world's third- and fourth-largest LCD makers. In Taiwan, major tech firms including Acer Inc, Asustek Computer Inc and Delta Electronics Inc have recently introduced e-readers that allow users to read books and magazines downloaded from the Internet. Qualcomm and Taiwan's Cheng Uei Precision Industry Co Ltd set up the Sollink joint venture about two years ago to make handset displays using Mirasol technology. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 21 minutes ago Wall Street opens 2011 higher on data, January effect Reuters - 21 minutes ago US STOCKS-Wall St opens 2011 higher on data, January effect Reuters - 22 minutes ago Instant view: Manufacturing sector grows in December Reuters - 41 minutes ago US STOCKS SNAPSHOT-Wall St holds gains after factory data Reuters - 54 minutes ago News Search Top Stories EU investigates controversial Hungary tax Goldman 'values Facebook at $50 billion' Goldman deal 'values Facebook at $50 billion' No immediate plans to merge Fiat and Chrysler: CEO Online travel firm Expedia drops American Airlines More Top Stories » ADVERTISEMENT Most Popular Most Viewed Falling blackbirds baffle Arkansas officials Hasta la Vista: Arnie quits as California governor New smoking laws takes force in Spain Viking wolves return for first solar eclipse of 2011 Spain lotto winner nearly loses millions by tossing tickets More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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