The recent US$1 billion investment Foxconn Electronics (Hon Hai Precision Industry) promised to make in Chengdu, China will focus on manufacturing of optoelectronics products, according to the company.
Foxconn recently signed a contract with the Chengdu city goverment to establish a manufacturing base in the city with an estimated investment of US$1 billion. The new base in Chengdu will focus on manufacturing LCD TVs, LCD modules, LED backlight modules, and LED packaging and lighting products.
In addition to company chairman Terry Guo and officials from the the local government, representative from Sony and Corning were present during the contract signing, showing the status Foxconn has in the LCD industry.
The new base is also expected to bring related supply chain partners to the area. This should create job opportunities for 100,000 locals, according to industry sources.
Article translated by Joseph Tsai
