Hitachi to make liquid-crystal displays in China.
Hitachi Ltd. said Tuesday it will form a new subsidiary in China for the manufacture of liquid-crystal displays (LCDs) for use in TV sets and cellular phones.
To be capitalized at $15 million and located in the China-Singapore Suzhou Industrial Park in Jiangsu Province, Hitachi Display Device (Suzhou) Co. will be owned 75% by Hitachi, 10% by Hitachi (China) Ltd., a local subsidiary, and 15% by Hitachi Electronic Devices Co., a Hitachi subsidiary, Hitachi said.
Hitachi said the new company's establishment is to meet a growing demand for LCDs and raise its price competitiveness.
The new company will start production in October next year. Once mass production starts, monthly output will be targeted at 75,000 thin film-transistor (TFT) LCDs and one million supertwist nematic (STN) LCDS, Hitachi said.
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|Title Annotation:||Company Operations|
|Comment:||Hitachi to make liquid-crystal displays in China.(Company Operations)|
|Publication:||Japan Computer Industry Scan|
|Article Type:||Brief Article|
|Date:||Oct 2, 2000|
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