CMO Raises Investments in China

CMO will raise its investments in Ningbo Chie Mei Electronics by $30 million. Meanwhile, the company's investments in Kunshan Guan Jie Electronics so far have totaled $1.21 million.

 The panel maker will continue to invest in all of its production bases vis-a-vis capacity expansions in Taiwan. CMO has planned to raise over $683 million to build a 6G plant. The plant will mainly process 32-inch and 37-inch LCD TV panels, cut from 1,550-by-1,850mm glass substrates. Total investment for the 6G project is projected to hit $2.19 billion. Mass production will begin in the fourth quarter of 2007, with a monthly capacity of 90,000 substrates.