TAIPEI, June 24 AU Optronics (2409.TW), Taiwan's
No.2 flat panel maker, will invest T$73 billion ($2.28 billion)
to build a solar cell plant in Taiwan as it further expands into
the growing sector, a local newspaper reported on Thursday.
Construction will start in late 2011 and the plant will be
located in central Taiwan in the same science park that AU has
chosen to build new LCD panel facilities, the Economic Daily
AU's move comes after it and U.S. solar panel maker SunPower
Corp SPWRA.O agreed last month to set up a $700 million venture
to own and operate a 1.4-gigawatt solar cell plant in Malaysia.
TSMC (2330.TW) (TSM.N), the world's top contract chip maker,
said earlier in June that it would invest $50 million to take a
21 percent stake in U.S.-based solar start-up, Stion Corp.
AU shares fell 0.3 percent in early trade, trailing the main
index's .TWII 0.2 percent dip.