LCD panel makers were previously only allowed to assemble panels in Chinese factories.
"The relaxation would help cut some costs for makers of small-sized panels used mostly in mobile phones," said Jane Hsu (
With the new rules to take effect today, Chang Ming-ping (張銘彬), a spokesman for the Investment Commission, the China-investment watchdog, said it would begin reviewing Toppoly Optoelectronics Corp's acquisition of Royal Philips Electronics NV's display unit.
The deal has been shelved since the announcement last November as the government banned local firms from making panels in China.
Philips has Chinese operations, with factories in both Shanghai and Shenzhen, as well as in Kobe, Japan. It also has a research and development center in Shanghai.
Toppoly makes thin-film-crystal liquid-crystal-display screens used in a wide range of products, including mobile phones, pocket PCs and displays in cars and notebook computers.
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