Innolux Corporation has announced that it will invest approximately NT$5 billion (US$172.65 million) in expanding R&D and automation at its Tainan-based operations in Southwestern Taiwan.
Sources at the company said Innolux is looking to push up its competitiveness in the global display arena and help Taiwan further act as an R&D center for developing more value-added products. The sources also said Innolux is pushing to have a more vertical integrated business model.
Innolux's investment in its operations in Tainan is expected to create around 4,500 new jobs. Despite the investment, the company's revenues are only expected to remain steady in 2013, added the sources.
Meanwhile, Innolux CEO Hsing-Chien Tuan has said the company is aiming to further develop the market for touch screens used in tablets during 2013.
Innolux CEO Hsing-Chien Tuan talks about company goals in 2013
Photo: Michael Lee, Digitimes, January 2013
Article translated by Alex Wolfgram
