The China Post
Dater: January 1, 2017
By: AFP

BEIJING — Taiwan tech-giant Hon Hai (also known as Foxconn) plans to build an US$8.8 billion factory in China, state media said Saturday, amid reports its billionaire boss is cooling off on future U.S. investments.

Hon Hai, a major Apple supplier, will spend the vast sum on an industrial complex in the sprawling southern city of Guangzhou.

The factory will make large-screen liquid crystal displays (LCD), the firm said at an event in the Chinese city on Friday. It will be operational by 2019.

“We have in China a government that knows how to be efficient and supports new technology,” said Hon Hai President Terry Gou in an interview with China’s 21st Century Business.    [FULL  STORY]