NEC announced a JV with Shanghai SVA. The JV, Shanghai SVA NEC Liquid Crystal Display, has a total invested capital of US$460.6 million and will develop and produce TFT-LCD panels and modules. The panels and modules will be used in monitors and televisions in the Chinese market.
The JV will build a US$785.9 million fabrication plant in Shanghai, which is scheduled to open in October 2004. Once completed, the plant will be the first mainland facility capable of all aspects of TFTLCD production.
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