29 January 2010 -- AU Optronics Corp. (AUO) Board of Directors approved a decision to subscribe new shares to be issued by M.Setek for seizing solar market opportunities and accelerating establishment of key material capacity. AUO will invest 15 billion yen to strengthen its strategic position in solar value chain.
For strengthening its strategic position in Solar value chain, AUO decided to subscribe new shares to be issued by M.Setek for further expanding the capacity and enhancing financial healthiness. AUO hopes that the investment will help M.Setek to perform better in operation, sales, and finance, and will be able to develop Japan and overseas market. After the cash investment to its operation, M.Setek's construction of the second fab in Soma is expected to be completed. The capacity of monocrystal silicon is expected to increase from 3,000 tons to 7,000 tons.