Foxconn joint venture to invest $8.8 billion to build new LCD plant in China

TAIPEI - A joint venture of Hon Hai Precision Industries, known as Foxconn, and Sharp said on Friday it plans to invest 61 billion yuan ($8.8 billion) to build a new factory in China to produce liquid-crystal displays (LCDs). Sakai Display Products Corp will build the factory in the southern Chinese city of Guangzhou. -Reuters