AUO 7.5G plant to boost Taiwan-to-China investment over US$10 billion in 2010 - ResearchInChina

Date:2010-10-27liaoyan  Text Size:

With AU Optronics' (AUO's) planning to invest in a 7.5G TFT-LCD panel plant in China, overall investment amount from Taiwan to China will exceed US$10 billion in 2010, but the Investment Commission of Taiwan's Ministry of Economic Affairs (MOEA) has said that AUO's project may not be approved by the end of the year.

The Investment Commission has announced total investment amount of US$8.65 billion from Taiwan to China for January-September 2010.

Based on data from the Investment Commission, Taiwan's investment to China totaled US$9.68 billion in 2007, US$9.84 billion in 2008 and dropped to US$6.09 billion in 2009 due to the global economic downturn.

A spokesman for the Investment Commission indicated that and all reviews are case-by-case. The investment amount announced by the Investment Commission only includes investments that are approved by the commission, and the commission declined to comment on ongoing reviews.

The spokesman also denied that the MOEA has been told to control the total investment amount under US$10 billion, and will not purposely delay the review of AUO's project in order to avoid excessive concentration of investments in 2010.

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