Foxconn Electronics has signed a contract with the administration of an industrial development zone in Wuhan, Hubei Province, China, to set up an LED production facility..

The new investment is part of Foxconn's plan to venture into the LED industry after the EMS giant and its three affiliated companies jointly acquired a 46.6% stake in Taiwan-based LED maker Advanced Optoelectronics Technology (AOT) in July this year.

In addition to aiming at the massive domestic lighting market in China, the establishment of the LED production base would also allow Foxconn to enhance its presence in the LED market by controlling key components for the production of back-light sources for a number of consumer products, including LCD TVs, handsets, notebook PCs, digital photo frames and car lamps.

By: DocMemory
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