TOKYO: Foxconn Technology Group will begin construction this month on a US$9bil display plant in southern China, as billionaire founder Terry Gou makes a big bet on demand for giant-sized TV screens in healthcare and homes.
Gou and the Taiwanese company are looking to capitalise on the technology and branding acquired with the purchase of Sharp Corp last year. Foxconn, whose main listed unit is Hon Hai Precision Industry Co, is investing 61 billion yuan (US$8.9bil) in the factory in Guangzhou and plans to complete it by 2019.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
