Canon to Invest 10 Billion Yen in Taiwan

Bloomberg is reporting that Canon will invest 10 billion yen to build a new interchangeable lens camera factory in Taiwan.
 
"Canon, the world’s biggest camera maker, will spend about 10 billion yen ($124 million) on the expansion, Takafumi Hongo, a company spokesman, said in a telephone interview. Canon forecasts sales of about 7 million single-lens reflex cameras this year, compared with sales of 5.9 million last year, he said."
 
(thanks Trent)