Taiwanese electronics giant Foxconn and its Japanese subsidiary Sharp will invest US$7.3 billion to build a large display panel manufacturing plant in the United States. That's according to Nikkei Asian Review, Japan's leading financial newspaper.
Nikkei's report said Foxconn and Sharp aim to build a plant to make LCD panels for televisions 65 inches or bigger. From 2018, the plant could begin manufacturing LCD panels capable of displaying 8K resolution, 16 times the current high definition standard.
The report also said the US plant is part of Foxconn's long-term plan. The conglomerate will build two similarly sized plants in Guangzhou, China and in Sakai, Japan.
The report said several US states, including Michigan and Wisconsin, are in the bidding to host the plant. Foxconn and Sharp will announce their final plan by the autumn.
Foxconn is the trading name of the Taiwan-based Hon Hai Precision Industry. The company is the world's leading contract manufacturer of consumer electronics.
Source: Radio Taiwan International