QMT plans to invest nearly US$1 billion on a new manufacturing plant in Taiwan
According to an unnamed official from the Department of Investment Services under the Ministry of Economic Affairs, QMT plans to invest nearly US$1 billion on a new manufacturing plant in Longtan, Taoyuan County, with construction work to kick off later this year.
The new fab, set to become the U.S. firm’s first production facility worldwide specializing in small-to-medium display panels, will employ its proprietary Mirasol display technology that boasts low power consumption with other features suitable for mobile applications such as e-readers.
“The addition of the new facility will increase the technological competitiveness of Taiwan’s display industry and complement the local supply chain,” the ministry said.
QMT is a wholly-owned subsidiary of Qualcomm Inc., a fabless heavyweight from the U.S. in the communication technology sector.
According to the official, QMT is already present in Taiwan through a joint venture with Cheng Uei Precision Industry Co. Ltd., a subsidiary of the Foxconn Technology Group.
The tie-up, located also in Longtan, is the result of more than two years’ of MOEA efforts after representatives of the ministry visited the firm in 2008, he pointed out. (HZW)