CATIC and Subsidiary Tianma to Invest in Shanghai TFT-LCD Plant
December 09, 2005
According to a report by Reuters, CATIC Shenzhen and its subsidiary Tianma Microelectronics will invest in the construction of a new TFT-LCD panel factory in Shanghai, China. CATIC is to take a 21% stake and Tianma a 30% stake in the plant, which will be a 4.5G line producing small- and medium-sized panels for applications such as mobile phones and automotive displays. Three other investors will take up the remaining stake. Total investment in the factory will amount to 3.1 billion RMB, and construction is expected to be finished by the end of 2007.