Foxconn building $2.6 billion dedicated display plant for a single client

Foxconn, the manufacturer of Apple's devices, including the iPhone and iPad, is about to invest $2.6 billion in a facility in Taiwan dedicated to producing displays for a single client. While the client isn't explicitly named, few companies other than Apple could generate the demand that would require a dedicated display production facility. The plant is expected to begin producing displays by the end of next year, according to Bloomberg:

Equipment installation will commence next month with mass production of panels to start by the end of 2015 after an urgent request for exclusive capacity, Sophia Cheng, a public relations representative for Foxconn's display unit Innolux Corp., said by phone, citing comments made by President Wang Jyh-chau at a press conference today.

The facility should help Foxconn keep up with demand for new devices. Not long after the launch of the iPhone 6 and iPhone 6 Plus, Foxconn was said to be having trouble keeping up with demand for both phones.

Source: Bloomberg