Foxconn owns most of Sharp and the pair have been scouting around for a factory site in Guangzhou City, southern China. However they may talk with other cities for better offers – when you have that sort of cash to invest you can be picky and hang around and wait for tax sweeteners. A bit of the total investment is expected to come from the local government.
The pair are involved with Japan-based Sakai Display Products which together with Sharp makes a fifth of the world's global output, ranking third next to Samsung Display and LG Display.
Sakai Display Products produces LCD TV panels at a 10G factory, the new facility to be set up in China will use larger glass substrates to lower production cost and is planned to start production in 2019. It does indicate though that since Sharp was bought out by Foxconn, it is less interested in propping up Japanise manufacturing.