AUO's LCD Investment in China Still Undergoing MOEA Review
September 17, 2010
The
investment plan proposed by AUO to establish a 7.5G TFT-LCD (Thin Film
Transistor-Liquid Crystal Display) panel production plant in China is still
under examination by Taiwan's MOEA (Ministry of Economic Affairs), according to
a September 15, 2010 report by the China Times of Taiwan. It is reported that
MOEA emphasized that the ministry will not allow AUO to invest in China at the
expense of Taiwan's job opportunities. Officials from MOEA said that since AUO has
adjusted its commitment to invest NT$400 billion (US$12.6 billion; US$1=NT$31.7)
in Taiwan, it is required for MOEA technology review committee to review the
adjustments first, before submitting any comments to the Investment Commission.
MOEA expressed that the administration has not drawn any conclusion yet, and
there is no definite timetable for approving AUO's panel investment in China.