TOM Francisco September 26th, Hon Hai officially confirmed the establishment of LED production base in Wuhan, the Wuhan and East Lake Development Zone, Hon Hai has signed a contract. This is Hon Hai's second investment in Wuhan.
Foxconn but did not disclose specific details of the investment. The first investment of up to $1 billion, including: precision abrasives, digital cameras, LCD monitors, etc..
Data show, LED industry will enter a period of rapid growth, this year the global industrial value will reach $7 billion. The Chinese mainland market reached at least 4 billion yuan, an increase of up to 70%.
Source: TOM
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