TAIPEI (Taiwan News) – Taiwan-based manufacturing giant Foxconn Technology Group and its affiliate Sharp Corporation are collectively considering a new U.S factory.
The manufacturing giant also known as Hon Hai Precision Industry along with its recently acquired Japanese company Sharp are looking forward to a new U.S factory for making large-format display panels suitable for televisions.
As reported by Nikkei, an Asia-focused English-language publication, Sharp and Foxconn could together invest more than 800 billion Yen (US$7.03 billion) into the new U.S plant.
The report also claims that the new large format display panels will be designed and manufactured for the ultrahigh-definition “8K” TVs that Sharp plans to debut in 2018.
The new U.S factory will be set up for the manufacturing of these large-format display panels.
Reports about projects in the U.S. have been rife since Foxconn founder Terry Gou reportedly met with President Donald Trump at the White House last April.