Foxconn Buys Stake in Hitachi Displays

Foxconn and Hitachi LCD Collaboration

Tech Connect - According to reports from the Nikkei newspaper, Taiwanese IT giant, Foxconn, is expected to purchase a total of 100 billion yen (approximately 1.21 billion US dollars) in shares of Hitachi Displays Ltd, a subsidiary of Hitachi's LCD panel manufacturing business. Allegedly, Foxconn is poised to command a stake in Hitachi Displays, with funds from the new venture company used to build an LCD plant targeted to begin operations in 2012.

Read more about the Foxconn and Hitachi alliance here

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