(Yicai Global) Dec. 12 – Taiwan-based Hon Hai Precision Industry Co. [TPE:2317] plans to set up a large LCD TV panel plant in China in cooperation with its subsidiary Sharp. Production at the plant may start as early as 2019, Japanese news agency Kyodo reported.
The total investment is projected to be JPY800 billion (about USD7 billion), most of which will be paid by Hon Hai. Sharp will be involved in the project as a technology partner. Guangzhou in Guangdong Province is one of the potential locations for the new plant, Kyodo said.