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
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]