Foxconn Technology Group will begin construction on a Ұ61bn ($9bn) display plant in southern China as billionaire founder Terry Gou gambles on global demand for giant-sized screens in healthcare and homes.
Foxconn said it would look to capitalise on the technology and branding acquired from their purchase of Japanese electronics company Sharp last year by building the Guangzhou-based plant by 2019.
The statement added that it would use the largest glass substrates available and have a monthly output capacity of 90,000 ultra-high definition panels worth Ұ92bn ($13.2bn) annually, which will be aimed at the healthcare, education and smart home applications.
Speaking during the construction launch in Zengcheng, Gou said the facility would be the world’s largest and most advanced 8k processing facility.
“The 8k resolution technology will be widely used in TV displays and medical treatment, traffic control and smart homes, helping to build a healthier living environment featured by high-end technologies,” he said.
The factory will cover an area of around 1.5 sq km and is expected to provide 6,000 to 10,000 technical jobs.
ISH senior director David Hsieh told Bloomberg the construction of the plant reflected the new direction of Foxconn.
“Building the Guangzhou factory is in line with Terry Gou’s long-term strategy of using Sharp to sell consumer electronic products,” he said.
“The new plant will help Sharp cement a leading role in the large-scale screen segment.”
According to South China Morning Post, Gou is in the process of reshaping Foxconn, the main assembler of Apple’s iPhone and iPad, by installing robots throughout its many factories in China and Southeast Asia to shore up its manufacturing prowess. It is also investing in developing fields from virtual reality to artificial intelligence.
The new factory will use large-screen liquid-crystal display technology from Sakai Display Products, a venture controlled by Sharp and Foxconn to produce mainly 65-inch and 75-inch 8k displays, smart TVs and electronic whiteboards, along with other products.
Along with the new construction, it was recently reported that the Foxconn group was considering building a display-making facility with Sharp in the US for upwards of $7bn, potentially creating tens of thousands of American jobs.
When pressed on the subject, Gou refused to respond on the reports and said the issue remained under discussion.
“We are focusing on expansion of panel productions in this Guangzhou facility to meet the growing demand of high-end panels in the TV set market,” he said.
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