Sharp and Foxconn consider giant LCD plant in U.S.
Taiwan’s Hon Hai Precision Industry Co Ltd, known as Foxconn, and its Japanese subsidiary Sharp Corp are studying the possibility of building a liquid crystal display (LCD) plant in the United States, the Nikkei reported on Friday, according to Reuters.
“We will make a decision carefully,” the Nikkei quoted an unidentified Sharp executive as saying.
Taiwanese electronics contract manufacturer, also known as Foxconn, and its Japanese alliance partner SoftBank Group reportedly told Donald Trump they would jointly make significant investments creating new jobs in the U.S. when SoftBank Chairman Masayoshi Son met the President-elect in New York. Son presented paperwork that showed Foxconn is planning a $7 billion investment, that will make 50,000 jobs.
Also, Foxconn and Sharp are considering building liquid crystal display panel plant in India, according to another report from Nikkei.
A joint venture between Foxconn and Sharp Corp announced in December it plans to build a $8.8 billion factory in China to produce LCD displays.