Sakai Display Products Corporation, based in Japan, signed an agreement with the local government of Guangzhou on Friday to build a 61 billion yuan (8.79 billion U.S. dollars) factory in the southern Chinese city.
According to the agreement on the "industrial park" of liquid-crystal displays (LCDs), the factory in Zengcheng District will produce 10.5-generation 8K displays, smart TVs and electronic whiteboards. Production is expected to start in 2019, with an annual production value of 92 billion yuan.
The production line of the 10.5-generation 8K displays was jointly designed and developed by Sakai Display Products Corporation, Taiwan's electronics giant Foxconn Technology Group and Sharp Corporation.
Terry Gou, founder of Foxconn, is the largest individual shareholder of Sakai Display Products Corporation. The already fierce competition in LCD manufacturing is expected to grow as Chinese makers BOE and Shenzhen China Star Optoelectronics have announced investment in their 10.5-generation and 11-generation LCD production line respectively.
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