We have been hearing this rumor for about two weeks now, but we had difficultly verifying it until now. The Taiwan Economic News has confirmed that Hon Hai Precision Industry Co reportedly has an exclusive contract to build the Wii2 for Nintendo.

Our sources are also saying that Hon Hai will be able to start delivering the first units to Nintendo in October, but it is unclear what the run rate will be once the building is on the way. Whispers suggest that Nintendo will start ramping up production for an expected launch in North America slated for next year. Despite some suggesting a holiday launch for Nintendo yet this year, we just don’t hear it that way.

With the news from Taiwan comes word that the MSRP of the Wii2 will be an estimated $350 to $450.This number is a bit shocking for Nintendo, but actually not unexpected given the hardware that the Wii2 will be using. While others continue to report that the Wii2 will not be HD, the information we have still indicates that the console will use a modified GPU from the ATI R700 family and it will support 1080 HD.