Foxconn forced to invest £1.65 billion in new plant due to overwhelming iPhone 6 demand?

How popular is the iPhone 6? Apparently, sales are off the charts, with the Cupertino firm reportedly making an “urgent” request to increase the production of displays for the said handset.


According to a report from Bloomberg, “Foxconn Technology Group will spend NT$80 billion ($2.6 billion) over the next two years on a new factory in Taiwan to supply displays exclusively for a client.

“Equipment installation will commence next month with mass production of panels to start by the end of 2015 after an urgent request for exclusive capacity, Sophia Cheng, a public relations representative for Foxconn’s display unit Innolux Corp. (3481), said by phone, citing comments made by President Wang Jyh-chau at a press conference today.”

Foxconn-owned Innolux Corp, the largest LCD screen manufacturer in Taiwan, will build the new plant at the Kaohsiung Science park in the Southern part of Taiwan. The plant is said to provide jobs for 2,300 people.

The report did not mention which Foxconn client made the urgent request, but it does line up with previous reports saying Apple wants to increase its iPhone 6 supply due to overwhelming demand. Apple is reportedly paying Foxconn 20% more to increase production.

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