Foxconn is in talks with Hitachi to buy a 50 percent stake, or a majority stake, of Hitachi Displays, a subsidiary that produces LCD panels. If the deal goes through, the new venture would become world's largest manufacturer of small- and mid-sized LCD panels.
If the deal goes through, the new venture would surpass Sharp Corp. as the world's largest supplier of small- and mid-size LCD panels, according to reports.
Foxconn, a major player in LCDs, wants to become one of the world's largest vendors in the arena. The company had at one time a 24 percent stake in one Taiwan LCD maker-Innolux Display Corp.