Foxconn to build new TV factory in Chongqing, China
Not many details are shared at this point but the LCD-TV plant is said to be ready for mass production in late 2013. It will be able to produce 3 million TV sets annually, which is quite low for a modern TV factory. Foxconn will invest approximately 1 billion USD.
We should underline that Foxconn intends to produce final TV sets at the new plant and not actual LCD-TV panels that will have to be sourced elsewhere. The plant is said to involve touch-screen LCD-TVs for Smart TVs. Half of the production is locked for these touch-screen LCD-TVs that will ship to European markets.