Qualcomm Spending $1B on Mirasol Fab Plant in Taiwan
The Taiwanese Ministry of Economy Affairs says San Diego’s Qualcomm is investing nearly $1 billion to expand production of its proprietary Mirasol flat panel displays in Taiwan’s Hsinchu Science Park. The technology uses an electrically switched modulator to generate intense colors through the interference of reflected light. Qualcomm has been developing the technology since 2004, when the wireless giant paid about $170 million to acquire San Francisco-based Iridigm Display. Qualcomm established a joint venture with local electronics component maker Cheng Uei Precision Industry Co in 2008 to set up Sollink Inc., which makes handset displays using Mirasol technology.