Hon Hai Precision Industry Co Ltd, the world's biggest contract electronics producer, will collaborate with flat-panel creator Innolux Corp in contributing T$86.8 billion ($2.8 billion) in a panel-producing plant in Taiwan, the organizations said. 

The move comes as Hon Hai is attempting to differentiate forcefully by discovering new income sources past contract get together for any semblance of Apple Inc (Aapl.o). Not long ago it purchased stakes in a Taiwanese versatile system supplier and a South Korean IT benefits supplier. 

Hon Hai and Innolux, the world's No.3 flat-panel producer, are as of now purchasing gear for the office found in the southern port city of Kaohsiung and which is required to begin creation in the second a large portion of 2016, an Innolux delegate said on Thursday. 

The plant, which will make LTPS (low-temperature polysilicon) panels, overwhelmingly for utilization in cell phones, was initially implicit 2008, yet was idled because of money related stipulations after the 2008 worldwide monetary emergency. 

The displays made at the plant will be sent to China for get together in last items, notwithstanding China forcing a 5 percent tax on foreign displays, said an industry source. 

As per an announcement from Innolux, the Hon Hai gathering is putting resources into the LTPS panel-production plant to take care of the demand of a "selective" client. Organization authorities declined to expand. 

It was not promptly clear how the organizations would part the speculation and the arrangements are as yet anticipating last support from the sheets of both organizations, however Hon Hai will probably take a proportionately bigger stake. The Innolux delegate said the speculation may take the manifestation of another joint-wander organization. 

A Hon Hai delegate affirmed the arrangement. Hon Hai as of now holds a 9 percent stake in Innolux by means of speculation by its auxiliary organizations and author Terry Gou.