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Qualcomm to Invest $1 Billion in Taiwan Display Plant
Tech Business
Written by Gizmo   
Monday, 03 January 2011 23:31

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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