Sakai plans to invest in industry park

Firm controlled by Taiwan tycoon Gou to spend $8.79b on plant for hi-tech screens

Sakai Display Products Corp, which is controlled by Taiwan tycoon Terry Gou, signed a framework agreement with the Guangzhou city government on Friday for building a 10.5-generation 8K display industrial park.

With a total investment of 61 billion yuan ($8.79 billion), the complex will produce highly advanced display screens, smart TVs and electronic white boards when it starts operation in 2019, according to an official statement.