Foxconn Looking to Build $5.7 Billion iPhone Display Factory to Win Apple Orders

apple's main assembly partner ios devices, foxconn, looking increase presence in apple's supply chain considers constructing new plant provide displays popular devices, according the wall street journal. total investment in project reach $5.7 billion.

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foxconn, formally known hon hai precision industry co. , discussing possible investment government of zhengzhou, 750 kilometers south of beijing, according people familiar talks. 2 sides discussing terms such how divide investment, reach as 35 billion yuan ($5.7 billion), people said.

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the display typically expensive single component in apple's ios devices, , company has long sourced parts variety of vendors including samsung, lg display, sharp, , japan display. foxconn has been seeking improve display expertise in recent years, pursuing troubled partnership sharp has tried position itself win orders iphone , ipad displays.

article link: foxconn looking build $5.7 billion iphone display factory win apple orders

 

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