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June 4th, 2012
The Cabinet-level National Science Council has approved the establishment of a company to produce carbon nanotubes in Hsinchu Science Park in northern Taiwan.
The council on May 31 approved the NT$200 million (US$6.6 million) investment proposal to set up the company, which will be a joint venture between local investors and Japanese technology groups.
The investment was made in light of the expanding market for carbon nanotubes, which are tiny hollow cylinders of carbon that are ultra thin and more than 100 times stronger than steel.
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