Seoul, Korea, October 9, 2000 – With an investment of 26 billion won (US$ 22 million), Hyundai Electronics Industries Co., Ltd. has implemented a new production line for Super Twisted Nematic Liquid Crystal Display (STN LCD). This new production line is located at Ichon, Hyundai Electronics’ Korean headquarters. The line has an annual production capacity of 720,000 units for standard panel (370x480mm) products, which equates to 40 million units for mobile handset LCD modules. Hyundai expects its annual sales of STN LCD to exceed US$ 200 million. The new production line will ease the current tight supply of STN LCD, for which demand is rapidly increasing in the mobile handset market. Hyundai recently signed a contract with a mobile handset manufacturer in Europe to supply LCD modules valued at US$ 160 million. “This contract will secure our position in the global STN LCD market,” said a Hyundai spokesperson. In addition, within its System IC business unit, Hyundai has its own IC manufacturing facility for LCD drives. This will help stabilize the supply of LCD modules, thus increasing Hyundai’s competitive power in the world market. The commissioners will receive the same annual salaries as their equivalent managing executives, and their salaries will be adjusted based on annual evaluations of their technology, knowledge, and capacity for R&D. Commissioners who demonstrate outstanding performance will receive additional stock options as well as strong support for their projects.
– With an investment of 26 billion won (US$ 22 million), Hyundai Electronics Industries Co., Ltd. has implementednew production line for Super Twisted Nematic Liquid Crystal Display (STN LCD).
