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Electronics Production | July 13, 2007

Foxconn about to acquire stake in LG Philips LCD?

Rumors are telling that Foxconn is planning investments in the LCD TV maker LG Philips LCD.
According to Chinese-language Central News Agency the world's largest EMS provider Foxconn would be interested in taking over a stake of the LCD panel maker LG.Philips LCD.

Foxconns plans in taking over a stake in the LCD maker should be connected to Philips plans of making its stake in the joint venture smaller. Foxconn would reportedly take up a 10-15% stake in the Korea-based panel maker, according to market rumors cited in a Chinese-language Central
News Agency report.

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