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

30 Dec, 2016 4:21 pm

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

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