Project with Sharp and SoftBank is response to Trump
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Hon Hai Precision Industry Co., Ltd. and its Japanese subsidiary Sharp
Corporation are considering building a liquid crystal display panel factory in the United States in what might be a response to President-elect Donald Trump, Japan’s Nikkei reported Friday.
Hon Hai, which also operates under the brand name Foxconn, is chaired by Terry Gou, one of Taiwan’s wealthiest tycoons, who has also been mentioned by the local media as a potential presidential candidate in 2020, even though he has dismissed such suggestions.
If the cost of a similar plant to be completed next year in China’s Guangzhou Province is taken into account, investment in the U.S. for the LCD project could total NT$270 billion (US$8.55 billion), reports said.
The Nikkei said an unnamed Sharp executive had said the plan for the factory was “on the table” and would be the subject of a careful decision. [FULL STORY]