TAIPEI, Taiwan -- Sharp Corp., a Japanese subsidiary of Taiwan-based manufacturing giant Hon Hai Precision Industry Co. (鴻海), confirmed Saturday that it is planning to set up a flat panel plant in the United States. Sharp President Tai Cheng-wu (戴正吳) said at an exhibition in Taipei that the plant will roll out small and medium-sized screens for a wide range of applications. Tai said that Sharp and Hon Hai are likely to jointly invest some 800 billion Japanese yen (US$7.20 billion) in the U.S. market. While Tai did not disclose how much Sharp planned to spend on the flat panel plant, he said that his company and Hon Hai were financially independent and that Sharp would use its own funds to finance the U.S. investment plan. Sharp is evaluating when and where the flat panel plant will be built, Tai said, adding that he hopes the investment plan will be finalized as soon as possible.

Source: The China Post May 27, 2017 12:22 UTC