with four located in Sao Paulo and the others in other states

The grand investment project was reportedly suspended for a while before, for a Brazilian nation-linked bank declined to finance Hon Hai’s investment until the Taiwanese company agreed to introduce newer technologies and manufacturing facilities as required by the Brazilian government into its display panel plant alongside the said manufacturing base.

With the new manufacturing base, Hon Hai will have a total of seven such bases in Brazil, with four located in Sao Paulo and the others in other states.

Taiwan’s LED industry has benefited from simmering anti-Japan sentiment in China, due to nationalization of the Diaoyutai islet. Formosa Epitaxy Incorporation (FOREPI) and Epistar to see booming revenues in September, because many LED-related orders diverted from Japan to Taiwan.

According to insiders, rising sales of color TVs in China drive demand for LED-backlit chips; while anti-Japan there has moved many Chinese LED TV factories and system providers to transfer chip orders from Nichia to Taiwan’s Epistar, FOREPI, Unity Opto Technology, Lextar, and I-Chiun Precision Industry Co., Ltd.