NEC and SVA, the largest electronics group in China, have formed a joint venture company to build thin film transistor (TFT) colour liquid crystal displays (LCDs) in Shanghai.
The paid-in capital of the joint venture company is expected to be 50 billion yen, with 75% contributed by SVA and 25% by NEC.
The joint venture will carry out product planning, development and manufacturing of TFT LCD panels and modules for PCs, Monitors and TVs. It will handle every aspect of TFT colour LCD manufacturing from the initial array and cell process to the final production line phase.
The new facility is scheduled to begin operation in spring 2004 with an initial workforce of around 1200 employees.
NEC’s existing LCD business in Japan will switch its focus to materials development and manufacturing processes.