GUANGZHOU, CHINA – Foxconn has invested a reported $9 billion in a new display plant that began operations on Jul. 31, according to reports. It is said to be the largest-ever single investment in Guangzhou.
Foxconn plans to start mass production here at the end of September, with an expected yearly output of 90,000 units of glass substrates used in ultra-high-def large screens.
Sakai Display Products is running the site, a joint venture arranged by SIO International Holdings, owned by Foxconn’s Terry Gou and Sharp. The joint venture owns a 47.86% stake in the plant.
Sakai Display signed an agreement with the local government and aims for annual revenues of around $13.6 billion.