Nippon Electric Glass plans to invest 20 billion yen to double its capacity of PDP panel glass substrates by July 2006.

The sale of the 18 percent Infineon stake completes Siemens's exit from the chipmaker and comes at a time when Munich-based Infineon is preparing to separate its memory-chip division to help improve profitability.

Shipments of LCD TVs climbed 30.3 pct to 334,000 sets last month, continuing consistent year-on-year gains that began in 1999.