Foxconn Technology Group has plans to use $2.6 billion or NT$80 Billion, over the course of the next 2 years on a new factory in Taiwan to produce display exclusively for Apple, according to Bloomberg.
Foxconn Plans to Spend $2.6 Billion on Dedicated Apple Display Plant in Taiwan
In a discussion with Sophia Chang, a public relations envoy for Foxconn’s display unit Innolux Corp., Chang stated that equipment fitting will begin next month, although she would not confirm that Apple is the client for the ability. Following an urgent ask for for exclusive capacity, the mass production of panels is expected to begin by the end of 2015.
Chang also mention that the advanced 6th-generation display plant will be built at Innolux’s Kaohsiung Science Park campus in Southern Taiwan. The predict details that the funds for the plant will be spent over a two-year structure period with the company planning to hire 2,300 employees to operate the facility.
Foxconn has been a longtime manufacturer of Apple’s crop, primarily handling final meeting of the devices. After attempt to partner with Sharp in 2012 to focus on advancing LCD technologies, Foxconn was rumored to be in talks to use the Japanese display manufacturer skill in order to start producing iPhone and iPad display.
The company struggled to meet high demand for the iPhone 6 and 6 Plus when the two phone launched earlier this fall, sparking a large-scale hiring effort by Foxconn to meet production demands. Demand has been so high that Apple has allegedly tapped secondary manufacturer Pegatron to boost production on the iPhone 6, and maybe even the iPhone 6 Plus, to help meet demand.
The new Taiwan plant statement comes as Foxconn has reportedly been in discussionsfor a $5.7 billion display factory in Zhengzhou, China. Foxconn has been angling to turn into a larger player in the display market, seeking to win orders for iPhone and iPad displays and avoid the sourcing of those parts from vendors like Samsung, LG Display, Sharp, & Japan show.
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