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Tech Business
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Written by Gizmo
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Monday, 03 January 2011 23:31 |
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From BuisnessWeek:
Qualcomm Inc., the world's largest maker of mobile phone chips, will invest about $1 billion in a new computer-display plant in Taiwan, the island's Ministry of Economic Affairs said today.
The U.S. company agreed to invest the amount in 2011 in a plant making screens using its Mirasol technology, the ministry said in a statement posted on its website, without giving more details. A phone call to the office of Adrian Fu, a Hong Kong- based spokesman for Qualcomm, seeking comment went unanswered.
Qualcomm Chief Executive Officer Paul Jacobs said in September that the company expects "significant growth" out of Mirasol displays. The San Diego-based company began collaborating with Taiwan's Cheng Uei Precision Industry Co. in 2009 to produce the low-power displays as it tries to capitalize on demand for electronic-book readers.
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