The president of Chi Mei Optoelectronics (CMO) Ho Chao Yang said the company will build seventh generation TFT-LCD plant, skipping the sixth-generation TFT LCD lines. CMO will spend US$9 billion over about five years on three plants that will make flat screens used in televisions.

Ho believes that smaller (40-inch below size) LCD TV market will have huge growth potential in the next few years. CMO plans to first build a 5.5G line and begin volume production at the line by the end of next year. With the technology being more mature, the company expects to quickly and more smoothly move into 5.5G production. CMO, which has secured 80 hectares of land at the Tainan Science-Based Industrial Park (TSIP), plans to invest NT$300 billion to build three next-generation TFT LCD lines within three to five years, said Ho.

At FPD International 2003, being held in Yokohama, Japan from October 29-31. CMO is showcasing its latest LCD TV panel, a 47-inch panel that features 1,920?,028 resolution, 8-millisecond response time, 800-nits brightness and 800:1 contrast ratio at the Yokohama exhibition. CMO recently sold an extra US$63.7 million of shares overseas, increasing the size of its global depositary receipt sale to US$637 million, arranger J.P. Morgan Chase & Co said. CMO sold an additional 5 million global depositary receipts at US$12.74 each to meet extra fund. CMO has recently revised its 2003 financial forecast shown on below:

By: DocMemory
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