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Phone Arena reports that Foxconn is planning to spend $2.6 billion on building a new plant solely for manufacturing display panels for Apple’s iPhone. It seems that Apple has been asking Foxconn to provide more panels to keep up with strong demand, and has even offered the company 20% more money to ensure that it gets the quantities of iPhones that it needs.
It's no secret that Apple is thought to be anxious to increase supply of iPhone 6 units, with the newest iPhone proving to be incredibly popular and sought-after.
Innolux Corp, which is actually owned by Foxconn, and is thought to be responsible for making iPhone 6 displays, will build the facility, which will create jobs for 2,300 people.
Phone Arena says that the installation of the equipment has already started, with the plant set to be ready to begin churning out iPhone display panels from the end of 2015.
The plant will be located in Kaohsiung Science park camps in Southern Taiwan.
Source: Phone Arena
