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Foxconn and Sharp Team Up To Build $8.8 Billion LCD Plant In China (reuters.com)
Foxconn was in the news recently for plans to "automate entire factories" in China, but the electronics manufacturing company has also announced plans with Sharp to build a $8.8 billion (61 million yuan) factory in China to produce liquid-crystal displays (LCDs). Reuters reports: Sakai Display Products Corp's plant will be a so-called Gen-10.5 facility specializing in large-screen LCDs and will be operational by 2019, the company said at a signing event with local officials in Guangzhou on Friday. It said the plant will have capacity equating to 92 billion yuan a year. The heavy investment is aimed at increasing production to meet expected rising demand for large-screen televisions and monitors in Asia. Sakai Display Products Corp's plans for the Guangzhou plant come as Hon Hai seeks to turn the joint venture into a subsidiary, investing a total of 15.1 billion yuan in the company. The venture will also sell 436,000 shares for 17.1 billion yuan to an investment co-owned by Hon Hai Chairman Terry Gou, giving Hon Hai a 53 percent interest in the business and lowering Sharp's stake from to 26 percent from 40 percent.
And supply chain. South east Asia is where flat panels are made. So the supply chain is mature competitive and short.
All those white trash morons who voted Trump will never admit to being fooled. They've been carefully fed a steady diet of bullshit and their stubborn independent nature makes them deny their wrong doings. Trump could install himself as dictator of America, rule for 30 years destroying the country and he'd just blame Obama and those pig fuckers would sit in the ruins nodding in aggreance. They can't admit failure. They've been raised and carefully fed a steady diet of propaganda to ensure that. They'll just cross their arms and loudly profess that you're a liberal moron and wrong. They can't argue because they don't actually know what the fuck is going on. Only that they liked the man with the big mouth who said things they agree with. That's it. Economy, foreign policy, military, human rights issues, poverty, etc. are all lost on them just like that brain dead pumpkin living in daddys shadow they voted for. I mean his sons look like a pair of beta twink queer kid touchers who need too go on canned hunts to feel like men. I can't imagine how fucked in the head they are. I pity them. I pity America. I pity those who were too fucking stupid to see him for what he is, a fake man. Get ready for four years of blame Obama for everything.