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AUO Corp Gets Board Nod for NT$8.64 Billion Capex; Shares Down 6%

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Optoelectronics company AUO Corp (TPE:2409) received board approval for a proposed capital expenditure budget of NT$8.64 billion, according to a Thursday filing to the Taiwan stock exchange.

The increase in capex will mainly be used to establish and optimize production capacity and the deployment of new AI technologies.

The capital expenditure budget will be used flexibly based on market conditions and customer demand, and the actual payment amount will depend on the progress of execution and payment terms.

The company's shares were down over 6% in Thursday's trade.

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