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© rawpixelimages dreamstime.com Electronics Production | November 20, 2014

Foxconn partners with Innolux in flat-panel plant

Hon Hai Precision Industry – or Foxconn, as most people know the company – has partnered with flat-panel maker Innolux in investing roughly USD 2.8 billion in a panel-plant in Taiwan.
Foxconn has been rather adamant to find other revenue sources outside of its assembly contracts for Apple and others. Earlier in 2014, the company became a shareholder in a Taiwanese mobile network provider and a South Korean IT service company, according to a report in Reuters.

The two companies are currently scouting equipment for the facility – located in Kaohsiung – which is planned to be up and running by the second half of 2016.

The facility will focus on the manufacturing of low-temperature polysilicon panels, used in smartphones, the report concludes.

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