TPO to set up glass thinning plant in Nanjing, China

Taiwan-based small- to medium-size panel maker TPO Displays have announced plan to set up a new subsidiary in Nanjing, China for glass thinning operations, with maximum investment of US$3 million, according to a company filing with the Taiwan Stock Exchange (TSE).

Glass thinning is an important procedure to enable panel makers to enter the supply chain of worldwide first-tier handset vendors who are constantly looking to roll out slimmer models. With handset-use panels accounting for 50% of its total output, TPO's board of directors decided to set up the new subsidiary to meet growing demand for thinner solutions, the sources noted.