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Hon Hai, Innolux To Invest $2.8 Billion In Taiwan Flat-Panel Plant


Ron Burgundy
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People holding umbrellas walk in front of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in Tucheng, New Taipei cityBy Michael Gold TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd , the world's largest contract electronics manufacturer, will partner with flat-panel maker Innolux Corp in investing T$86.8 billion ($2.8 billion) in a panel-producing plant in Taiwan, the firms said. The move comes as Hon Hai is trying to diversify aggressively by finding new revenue sources beyond contract assembly for the likes of Apple Inc . Earlier this year it bought stakes in a Taiwanese mobile network provider and a South Korean IT services provider. Hon Hai and Innolux, the world's No. ...




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