Japan's Sharp may break ground on US$7b US plant in H1: source

Tokyo

JAPANESE display maker Sharp Corp may start building a US$7 billion plant in the United States in the first half of 2017, taking the lead on a project initially outlined by its Taiwanese parent Foxconn, a person with knowledge of the plan said.

A decision by Foxconn to give Sharp the lead would come as Japanese Prime Minister Shinzo Abe prepares to travel to the United States to meet US President Donald Trump, who in his inauguration speech vowed to put "America first".