Foxconn invests US$8.8b in China LCD plant
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Beijing
TAIWAN tech giant Foxconn plans to build an US$8.8 billion factory in China, state media said on Saturday, amid reports its billionaire boss is cooling off on future US investments.
Foxconn, a major Apple supplier, will spend the vast sum on an industrial complex in the sprawling southern city of Guangzhou. The factory will make large-screen liquid crystal displays (LCD), the firm said at an event in the Chinese city on Friday. It will be operational by 2019.
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