Hon Hai considering building LCD plant in US: report

The China Post
Date: January 14, 2017
By: Christine Chou

TAIPEI, Taiwan — Taiwan-based Hon Hai Precision Industry Co. (鴻海) and its Japanese subsidiary

This Nov. 7, 2016 photo shows the Hon Hai Precision Industry building in New Taipei City. (Photo courtesy of Solomon203)

Sharp are considering building a liquid crystal display (LCD) plant in the United States, an unidentified Sharp executive was quoted Friday as saying.

The plan is “on the table,” the executive said, according to a Nikkei report. “We will make a decision carefully.”

Hon Hai, also known as Foxconn, reportedly told incoming U.S. President Donald Trump it would invest in and create new jobs in the U.S. as part of a joint investment with its Japanese alliance partner SoftBank Group.

The plan was proposed by SoftBank chief Masayoshi Son, the Sharp executive said.

A joint venture between Hon Hai and Sharp announced in December will see the construction of an US$8.8 billion factory in China to produce LCDs in order to meet expected rising demand in Asia for large-screen televisions and monitors.    [FULL  STORY]

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