Hon Hai to invest in Hitachi LCD venture: report

TOKYO (BestGrowthStock) – Taiwan’s Hon Hai Precision Industry Co (2317.TW: ) will invest about 100 billion yen ($1.2 billion) in an LCD panel joint venture between Japan’s Hitachi Ltd (6501.T: ) and Canon Inc (7751.T: ), the Nikkei newspaper said on Monday.

Hitachi Displays Ltd, which makes small and medium-sized LCD panels, will use the funds to build a new factory at a manufacturing base in Chiba Prefecture that will begin operations in 2012, the newspaper said.

Hon Hai to invest in Hitachi LCD venture: report