The board of Taiwanese LCD (Liquid Crystal Display) panel manufacturer AUO approved the plan to set up a 7.5G panel plant in China on March 3, Taiwan's Economic Daily News reported. It is also reported that the scale of investment will not exceed US$1.2 billion, and Kunshan, Suzhou is expected to be the most prospective location for AUO's new plant. AUO is expected to submit the investment plan to Taiwan's Investment Commission for regulatory approval soon. AUO's 7.5G project is the first investment plan to materialize after Taiwan's government relaxed restrictions on flat panel manufacturers' investments in China in February this year.