Foxconn and Sharp to invest $854 million to set up OLED factory for iPhones in China

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It’s been ten years since Steve Jobs announced the first iPhone. iPhone has changed so much since then and it has come a long way from a small rounded rectangular device to much bigger display. No matter how Apple has changed their smartphones so far, iPhone is undoubtedly the phone that has changed the world.


This year, Apple is expected to release the upcoming iPhone 8 to celebrate the special occasion. There have been a lot of rumors hinting at iPhone 8’s new features and high-end specs ranging from curved display to iris scanning. Rumors are just rumors and all we have to do is to wait until the new iPhone is announced in September.

According to reports, Apple’s iPhone manufacturing partner, Foxconn and Sharp, the Japanese company that is well known for making TVs and displays, are planning to invest $854 million to set up a manufacturing factory which will be in charge of manufacturing and supplying OLED panels for future iPhones. These reports run counter to the previous rumors claiming that Samsung will be the sole supplier of OLED displays used for future iPhones.

Sources say that setting up a new manufacturing unit allows Foxconn to save a huge cost on transportation and it will be able to quickly transport the OLED panels to its factory in China where iPhones are manufactured. However, sources say that the new facility will start production in 2019, meaning that it won’t be able to supply this year’s iPhone 8.

According to rumors, the fate of the new factory depends on how successful Sharp’s new $200 million investment in a manufacturing plant in Japan, which is in charge of OLED panel supply. Apple has been long rumored to switch to OLED displays for iPhone this year. According to rumors, OLED panels will be used on all three iPhone models this year. However, supply issues may force Apple to use OLED panels exclusively on the premium Plus model.

Read next: Microsoft releases Windows 10 Insider Preview Build 15002 for PC

Are you planning to buy an iPhone 8 when it launches? Let us know in the comments below.

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