TAIPEI/OSAKA -- A newly built advanced display plant backed by Foxconn founder Terry Gou, a veteran tycoon normally known for his ability to time the ups and downs of technology cycles, is seeking new investors to provide a capital injection, the Nikkei Asian Review has learned.
The 61 billion yuan ($8.5 billion) facility in the southern Chinese city of Guangzhou was supposed to be churning out large, advanced liquid crystal displays at full capacity this year, but a glut in the global market and plunging prices has led to those plans being postponed, multiple sources told the Nikkei.
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