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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (7818)	10/28/2003 9:58:16 PM
From: Fred Levine	Respond to of 25522

Reuters Taiwan's Chi Mei to build three plants - paper Tuesday October 28, 8:04 pm ET TAIPEI, Oct 29 (Reuters) - Chi Mei Optoelectronics Corp (Taiwan:3009.TW - News), Taiwan's No. 2 display screen maker, will invest T$300 billion (US$8.84 billion) to build three TFT-LCD panel plants in Taiwan, a local newspaper reported on Wednesday. The Economic Daily News quoted company president Ho Jan-yang as saying it had approval to build the plants in the Tainan Science-based Industrial Park in southern Taiwan. Company officials were not immediately available for comment. fred TFT-LCD panels are the display screens used in cell phones, flat-screen computers and flat televisions. Chi Mei has raised over $1.1 billion in bond and share sales this year, with the proceeds slated to boost production of thin-screen TVs, a product with more growth potential and fatter profit margins than traditional computer monitors. Chi Mei, the world's fourth-largest display maker, will first construct a plant to manufacture 5.5-generation flat panel screens followed by a factory capable of turning out seventh-generation TFT-LCD screens, said Ho, who was in Japan to attend an international exhibition. Chi Mei will be the first local panel maker to set up facilities to manufacture seventh-generation screens in Taiwan, the paper said. The product line for the third plant is yet to be decided, said the report. The project, which the paper described as Taiwan's largest investment in flat panel production to date, would be spread over a three- to five-year period. Ho said 5.5-generation technology was very mature and that Chi Mei had decided to skip the sixth generation and dive straight into the seventh generation, according to the paper. Chi Mei, whose clients include major U.S. brands such as Dell Computer Corp (NasdaqNM:DELL - News) and Hewlett-Packard Co (NYSE:HPQ - News), accounts for around 11 percent of the global market for flat panel displays.