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HannStar To Provide Hitachi 26′ LCD Panels

In addition to the OEM orders from Hitachi, HannStar also plans to sell own-brand 26-inch LCD TV panels, Joe said.

The company plans to produce 23- and 26-inch LCD TV panels at its fifth-generation (5G) plant in 2004 and add 28-inch panels next year, he said. HannStar projects monthly shipments of over 400,000 panels at the plant by the end of the year, as yields have reached 70%, he pointed out.

In addition, HannStar will raise NT$15-20 billion by issuing 800 million shares via GDRs (global depositary receipts) to fund construction of its 6G plant. The revised number of shares is double the amount planned in April.

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