Panasonic to Open New Factory in Taiwan

Japanese consumer electronics maker Panasonic has completed the construction of a new factory in Taiwan, designed to produce multi-layer resin boards for smartphones and similar gadgets.

This represents a significant expansion of Panasonic's overseas mobile hardware production, with this new factory set to output some three million units per month.

Previously Panasonic held a reasonable global market share for mobile phones, though it has backed off in the last decade to mainly producing components. However, in Japan its phones still make up a major portion of the market, which the electronics maker is thought likely to expand upon in the coming year. Whether this new factory will be part of that expansion or will perhaps be producing hardware that will eventually be sold in Western markets remains to be seen.

Stocks and Shares broke the news on the new facility, also noting that over the last 6 and 12 months, Panasonic's shares have been gradually dropping. It'll be interesting to see how this new production facility influences those prices.