Sharp president confirms US investment plans

800 billion yen is possibly sum of Sharp and Foxconn investments: Tai

Taiwan News
Date: 2017/05/27
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Sharp Corporation President Tai Jeng-wu (戴正吳), a close

Sharp Corp. President Tai Jeng-wu. (By Central News Agency)

confidant of Hon Hai Precision Industry (鴻海) Chairman Terry Gou (郭台銘),

confirmed in Taipei Saturday that the company planned to invest in a panel factory in the United States.

Reports of U.S. plans for the Hon Hai group, which is also known as Foxconn Technology and includes Sharp, have been rife for months. Speculation reached a new high when Gou visited the White House on April 27 and 28, though at the time he did not confirm whether he actually met President Donald Trump on those occasions.

Speaking to reporters at an event in Taipei Saturday, Tai said Sharp was looking to manufacture small and medium-sized panels in the U.S. which would not be limited to smartphones. The screens could also be used for aircraft, space shuttles, aerospace, government departments and even defense, he said.    [FULL  STORY]

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