NEC and SVA set up LCD joint venture

On 18 April, NEC expressed that it has already consented to cooperate with SVA to setup joint venture to manufacture LCD before 2004 in China. NEC expressed that they planed to setup new factory worth…

On 18 April, NEC expressed that it has already consented to cooperate with SVA to setup joint venture to manufacture LCD before 2004 in China. NEC expressed that they planed to setup new factory worth of JPY 100 billion, which would be put into production before 2004. It would apply to larger area mother glass to reduce the cost. The new joint venture had capital of JPY 50 billion, and was planed to be established by the end of 2002. The new joint venture would held jointly by NEC and SVA, which held respectively 25% and 75% of stake, the number of staffs was designated 1,200 primarily. NEC expressed that the new joint venture would programme, R&D and manufacture LCD panels for PC, computer display as well as TV. NEC expressed that they would entrust some production of large size LCD to Taiwan CMO.