Hon Hai Precision Industry plans to invest USD25 million to set up a new panel plant in Huangjiang Yuyuan Industry Park, Dongguan, Guangdong, to expand its panel business.

The government of South Korea has reportedly approved Samsung and LG Display's applications to build LCD panel plants in China, on condition that they can prevent technology drains to Chinese rivals.

AU Optronics Corporation, one of the world's leading Chinese TFT-LCD makers headquartered in Taiwan, has announced the appointment of Andy Yang, current associate vice president of AUO's finance center, as new CFO of the company effective from March 1, 2009.

Taiwan-based TFT-LCD manufacturer AU Optronics Corporation has appointed Chen Laizhu, its former general manager, as CEO of the company and the new appointment will take effect from January 1, 2009.

According to the latest released report on projects to be approved by the Ministry of Environmental Protection of China, the sixth-generation TFT-LCD production line project of Shanghai SVA Group is undergoing approval and the project is expected to start construction in September 2008.

BOE Technology Group, a company listed in the Shenzhen Stock Exchange, has announced plans to issue an additional 411 million shares to finance CNY2.25 billion for the establishment of its 4.5 generation production lines of TFT-LCD and to repay the bank loans of Beijing BOE Optoelectronics Technology, an affiliated enterprise of the group.

Chi Mei Optoelectronics, the second largest supplier of TFT-LCD panels in Taiwan, has announced intentions to enter the Chinese mainland market with its self-owned brand Chimei.