Foxconn Technology Group intends to spend almost $3 billion over the next two years on a brand new factory in Taiwan, one that will supply displays exclusively for Apple. The equipment installation will start next month and mass production will debut by the end of 2015.
Innolux will build an advanced sixth generation plant at the Kaohsiung Science Park campus in Southern Taiwan and 2300 people will be hired at the new factory. Foxconn has a few dedicated factories for Apple production right now in China, but this would be one of the first time a component or part of the iDevices get their own production line. There’s already been a shortage of iPhone 5 metal casings, that generated a shortage of the phones within a month of them going on sale.
In November last year Apple also signed a half a billion dollar deal to provide the furnaces to GT Advanced in order to secure the supply of sapphire. Meanwhile, GT Advanced filed for bankruptcy protection in October, so maybe Foxconn will take on this task and integrate sapphire into their production.
via Bloomberg
