Hon Hai to increase investment in Innolux

Hon Hai Precision Ind. Co. Ltd will increase investment in its Taiwan TFT-LCD subsidiary InnoLux Display Corp. Shareholders quickly approved the investment plan, which will expand the company's stakes in Innolux from 6 percent to 33 percent.

According to Hon Hai Chairman Terry Gou, the company will be supplying half of Hon Hai's demand for TFT-LCD panels. The subsidiary's 5G plant is expected to be completed soon and will commence production of 14- and 15-inch TFT-LCD panels with an initial monthly capacity of 65,000 units.

Innolux is currently producing 1.8-inch panels for handsets and 7-inch panels for car products in its 4.5G plant.