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Business

Hon Hai, Sharp mull massive Chinese LCD TV panel plant

Would take the fight to the South Koreans and Chinese via economies of scale

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Terry Gou, chairman of Hon Hai Precision Industry, better known as Foxconn, poses for a photo with Sharp's Aquos TV at a Sharp showroom in New Taipei City, Taiwan, on June 22.   © Reuters

OSAKA -- Hon Hai Precision Industry and Sharp are thinking about constructing one of the world's largest LCD factories in China, aiming to leverage the former's cash and the latter's technology to compete more effectively against global rivals.

The Taiwanese contract electronics manufacturer, better known as Foxconn, and Japanese subsidiary Sharp intend to begin low-cost mass production of liquid crystal display panels for televisions as early as 2019. While the project would likely be partly subsidized by local governments, the total investment could exceed 800 billion yen ($6.95 billion).

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