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8 months ago
Foxconn JV to invest $8.8 bln to build new LCD plant in China
December 30, 2016 / 10:26 AM / 8 months ago

Foxconn JV to invest $8.8 bln to build new LCD plant in China

BEIJING, Dec 30 (Reuters) - 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. ($1 = 6.9410 Chinese yuan renminbi) (Reporting by Cate Cadell; Writing by Jake Spring; Editing by Muralikumar Anantharaman)

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