Asia Express - Display
Chunghwa Picture, Compal Electronics to Set up Touch Panel Glass JV
February 18, 2011

Taiwanese display device manufacturer Chunghwa Picture Tubes announced on February 17, 2011 that the company plans to form an US$3 million joint venture with Compal Electronics, according to the Taipei Times of Taiwan. It is reported that the JV will focus on touch panel glass production. Chunghwa Picture said that the establishment of a new JV is part of the company's plan to build a touch panel supply chain in China.

Compal purchased a 4.5G color filter facility and equipment from Chunghwa Picture for NT$1.4 billion (US$47.6 million; US$1=NT$29.4) through its subsidiary Henghao Technology in December 2010 in a bid to tap into touch panel industry, according to the same source.