Apple and Sharp to invest $1.2 billion in production of small and mid-size LCDs

Apple Online Store“Sharp Corp. will spend about 100 billion yen (US$1.2 billion) to build production lines for small and midsize LCDs, with Apple Inc. slated to purchase bulk of the output for its iPhone, the Nikkei business daily said,” Soham Chatterjee reports for Reuters.

“Apple will shoulder a large portion of the 100 billion yen investment and buy most of the panels produced by Sharp, which has supplied LCD panels for Apple’s iPod touch music player, the paper reported,” Chatterjee reports. “Sharp will start installing equipment next year at a Mie Prefecture plant and mass production is slated to begin in the latter half of 2012, it said.”

Chatterjee reports, “Toshiba Corp. also plans to build an Ishikawa Prefecture factory to boost LCD supplies to Apple, the paper said.”

Full article here.

[Thanks to MacDailyNews Reader “Manny S.” for the heads up.]

13 Comments

  1. Apple and TOSHIBA are investing $1.2 billion to build a plant for LCD production. And this is another partnership with SHARP, also for $1.2 billion, to make even more LCDs? Next up, Panasonic and Mitsubishi?

    That’s good one way to spend those billions “in the bank.” Guarantee supply of key components at bulk pricing that no one else can command.

  2. Apple can’t build in North America, because the Unions will step in and tell people with barely high school education that the company is making money and that they should be making like $35.00 hour to assemble parts (you know like the Auto industry). The they will want to shut down the facility for strikes and stat holidays. Apple hires lots of skilled Americans and pays them a good wage, they can not afford to pay extortion wages to unskilled Americans, I’m sure if there was a way to get a 20 Year contract with a union to assemble their product with the same wage and benefits as they get in Asia they would be more than happy to do it.

  3. Stimulas that makes sense:

    Free land on former or downsized military bases (Fort Ord in Monterey for example), ten year tax breaks, market wages and lower income tax on tech manufacturing wages in industries that come back to US.

  4. @Swing Geezer

    Anyone know why they want to build in Japan, when much production seems to be following the path to China?

    It seems that these recent reports concern retooling of existing plants. Also, the Japanese have no love for the Chinese, and vice versa. ( a history of WW II in Asia will give you some clues.)
    The Japanese are not interested in going to China.

    Most of the electronics plants in China are owned by Taiwanese, i.e. Nationalist Chinese, companies. Certainly the plants that Apple contracts with for assembly.

  5. Glenn Beck is right – not the real one of course, who is never right. At least our Glenn read some of the comments on that right wing site:

    “nteresting article. However, I think the point is missing that it’s easier to have economic growth and consensus in your society after you’ve killed off a huge portion of your population,and eliminated virtually an entire ethnic group, which creates a vacuum and opportunities for others to fill. You have more consensus since you’ve created a homogeneous society, and of course everybody knows what happens when you try to be different. I don’t think they Rwandans should take any pride in this. It’s basically succeeding where Hitler ultimately failed, the creation of Lebensraum. This economic “living space” was created via internal culling of the herd, vs. external expansionism, however the result is the same.”

    Also, the article is fatally flawed for using the term “free market,” as in an actual free market there could be no corporations, which are creations of government.

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