Hon Hai, Innolux to invest $2.8 billion in Taiwan flat-panel plant

Reuters News
Posted: Nov 20, 2014 12:27 AM

TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd <2317.TW>, the world's largest contract electronics manufacturer, will partner flat-panel maker Innolux Corp <3481.TW> to invest T$86.8 billion ($2.81 billion) in a panel manufacturing facility in Taiwan, Innolux said.

Hon Hai and Innolux, the world's No.3 flat-panel maker, are currently buying equipment for the facility which will come up in the southern port city of Kaohsiung and is expected to start production in the second half of 2016, an Innolux representative said on Thursday.

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Gil Gutknecht

It was not immediately clear how the two firms would split the investment.

(Reporting by Michael Gold; Editing by Muralikumar Anantharaman)