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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.

2 of 66 comments (clear)

  1. Re:Good luck to US staying relevant... by Anonymous Coward · · Score: 3, Insightful

    ... because he's not a treasonous criminal, ...

    Implying that Hillary (two Ls, BTW) has committed treason? Lack of any trials or convictions not withstanding, what is it you think she's done that was treasonous? Or are you just parroting the same propaganda and fake news that Breitbart and Kellyanne Conway have been endlessly vomiting up like a bad Linda Blair impersonation? Don't just keep spouting vague insinuations – what are the actual crimes that stopped you from voting for her? What? Benghazi? Email server? Clinton Foundation? Whitewater? If you cite those you just confirm you're a Breitbart/Kellyanne parrot know-nothing douchebag.

    ...whereas voting for Hilary was literally agreeing to abandon the laws of our country.

    Yeah, so you voted for the Nazi, pedophile, bigot, bully, KKK fave that breaches the contracts of the people he does business with and grabs women by the pussy. And he's probably the biggest welfare queen of them all, for not having payed any taxes for the last umpteen years. (No doubt why he doesn't release his taxes.) Yeah. You didn't abandon anything, you're not supporting anarchy, thuggery, or a caste system. No, not at all.

  2. Re:Good luck to US staying relevant... by drinkypoo · · Score: 3, Insightful

    But I'm not a criminal, I don't support anarchy, thuggery, or a caste system, so I couldn't vote for Hilary without violating my moral compass.

    If you don't support anarchy, thuggery, or a caste system, you also cannot support Trump. He does what he wants and gets away with it. He is protected by rough men with guns who don't give a shit about you, especially now. And he is a poster child for the capitalistic caste system in America.

    He may do terrible things - but like millions of other Americans, I fall into the camp of, "He can't be worse."

    What an incredibly naive and unfounded idea.

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"