By: Central News Agency
The Hon Hai Group (鴻海集團), which has agreed to acquire a stake in financially ailing Sharp Corp. of Japan, is planning to invest 200 billion Japanese yen (US$1.8 billion) in organic light-emitting diode (OLED) technology over the next three years.
The OLED plan was revealed in a document obtained from Sharp related to Hon Hai’s acquisition of a 66 percent stake in the money-losing Japanese company.
That investment may go toward OLED production lines that the Nihon Keizai Shimbun reported Friday are being set up by Hon Hai and Sharp in a flat panel plant, Sakai Display Products (SDP), that is jointly owned by Sharp and Hon Hai Chairman Terry Gou (郭台銘).
The Sharp document showed Hon Hai is also expected to spend an additional 60 billion yen to develop new generation medium-sized liquid crystal displays, 40 billion yen on the Internet of Things, and 40 billion yen to develop multi-functional office equipment. [FULL STORY]