Foxconn to build world-giant plant

Subsidiary Sakai Display to invest $8.86b in facility

Sakai Display Products Corp, a subsidiary of the world's largest electronics contractor Foxconn Technology Group, began construction of the world's largest 8k-resolution panel factory in Guangzhou, capital of Guangdong province, on Wednesday.

The factory, with an investment of 61 billion yuan ($8.86 billion), will mainly produce the 10.5 generation panel, substrate glass and related product lines, and serve as a major supplier for Japanese TV set maker Sharp Corp, according to the company.