recently adjusted its investment plan and announced the construction of a solar
cell factory in the CTSP (Central Taiwan Science Park), according to a news
report on June 23, 2010 by Economic Daily News of Taiwan. AUO plans to invest
NT$73 billion (US$2.3 billion; US$1=NT$32) in building the new plant. Construction
is scheduled to start by the end of 2011, according to the same source.
Earlier this June, TSMC also
announced that it will build a solar cell plant in the CTSP to develop
thin-film solar photovoltaic technology together with US-based Stion. AUO is the second Taiwanese
company in a row that announced plans to move deeper into the solar business,
and the company expects its investments in the solar business will create more
than 10% of its consolidated revenue by 2011 and 2012.