Electronics Production | November 18, 2009
Innolux takes massive loan
Innolux Display has signed a loan on 1.5 billion US dollars with five banks. The loan will be used for capacity expansion.
Industry observers told Taiwan based media DigiTimes the funding was supposed to be partly used to expand capacity at Innolux's production base in northern Taiwan. From now on, Innolux owner, Foxconn, will have sufficient panel capacity.