BusinessWeek reports Qualcomm will invest around $1 billion in a new plant for its Mirasol screens in Taiwan:
The U.S. company agreed to invest the amount in 2011 in a plant making screens using its Mirasol technology, the ministry said in a statement posted on its website, without giving more details. A phone call to the office of Adrian Fu, a Hong Kong- based spokesman for Qualcomm, seeking comment went unanswered.
Qualcomm Chairman and Chief Executive Officer Paul Jacobs has said that the potential overall market for displays similar to Qualcomm’s Mirasol screens would be worth about $11 billion in annual sales. Jacobs said in September that Qualcomm plans to sharply cut the price of its Mirasol technology and to develop a bigger market.