A joint venture Foxconn and Sharp will build in China the factory for the production of liquid crystal panels

Joint venture Sakai Display Products involving Foxconn and Sharp intends to build a factory that will produce liquid crystal panels. This project is planned to provide approximately 8.8 billion dollars. The factory will be located in southern China, in Guangzhou.

Preliminary information on the plans for the construction of the new factory appeared in the first half of December. However, then it was a smaller amount investment of 6.95 billion dollars.

Source: Reuters

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