Taiwan-based Foxconn Technology Group and its subsidiary Sharp may set up a factory in the U.S. to produce large-format display panels for TVs, Japan's Nikkei reported on Thursday.
With investment estimated at 800 billion yen ($7.3 billion), the facility may focus on generation-10.5 liquid crystal display panel technology used to manufacture panels for large TV screens, the report said.
Additionally, the plant is scheduled to make panels for the ultrahigh-definition "8K" TVs that Sharp plans to roll out in 2018, it said.
Foxconn and Sharp announced at the end of 2016 that they would invest up to 61 billion yuan ($8.98 billion) into a generation-10.5 plant in Guangzhou, South China's Guangdong Province, which is expected to begin mass production in 2019, according to a report on the website of the China Council for the Promotion of International Trade in January.
The companies are also set to build a "generation-6" plant in the U.S. to make panels for electronic gadgets like smartphones, said the Nikkei report, noting that some U.S. states are wooing these two companies, with officials visiting Sharp's headquarters in June.
