Asia Express - Computing
Compal to Foray into Touch Panel Market
December 31, 2010
Taiwanese Compal announced that the company will invest a total of NT$2 billion (US$68.5 million; US$1=NT$29.2) in its subsidiary Henghao Technology in a bid to tap into touch panel industry, according to a December 30, 2010 report by the China Times of Taiwan. Of the total investment, NT$1.4 billion (US$47.9 million) is projected to be used to purchase 4.5G color filter facility and equipment from display device manufacturer Chunghwa Picture Tubes. Transaction of the deal is scheduled to be finalized around the second quarter of 2011.