SAN FRANCISCO (MarketWatch) - Sakai Display Products Corp (SDP), a Foxconn and Sharp joint venture, announced Friday that it plans to invest 61 billion yuan to build a liquid crystal display (LCD) plant in Guangzhou, China, Reuters reported.
Sakai display company plans to build a Gen-10.5 factory in Guangzhou, specializing in the production of large-screen LCD display, and will be put into operation in 2019. Sakai display company said the plant's annual output will reach 92 billion yuan.
Foxconn and Sharp this major investment is designed to increase the LCD display production to meet the Asian market for large-screen TVs and monitors demand growth.
In recent years, Samsung shut down part of the LCD monitor factory, coupled with the Taiwan earthquake earlier this year led to Taiwan's LCD monitor factory production, the global LCD monitor production is greatly affected.
Last December, BOE Technology Group, China's largest LCD panel maker, set up its own Gen-10.5 plant in Hefei and plans to start production in 2018.
In May this year, Shenzhen China Optoelectronics Technology Co, a subsidiary of TCL Group, announced that it would invest $ 50 billion to build a liquid crystal display (LCD) factory in Shenzhen.