Foxconn $2.6B Display Factory Will Exclusively Serve Apple

Hon Hai Precision Industry Co. -- better known as Foxconn -- is gearing up to supply displays for Apple’s next devices. The Taiwanese company's display arm, InnoLux, is planning spend $2.6 billion over the course of the next two years on a factory in Taiwan that will serve Apple exclusively, according to a report from Bloomberg.

It’s unlikely the plant will make glass for Apple’s current iPhones or iPads, since it isn’t expected to begin mass production of panels until the end of 2015, an InnoLux representative told Bloomberg. The new factory is expected to be staffed by 2,300 workers.

Though Apple’s iPhone 6 and 6 Plus have been out for months, the company’s supply chain has continued to struggle to meet demand for the smartphones. Apple saw record-breaking sales for the iPhone 6 and 6 Plus in their first weekend, but noted they could have sold even more devices had supply been sufficient.

“While our team managed the manufacturing ramp better than ever before, we could have sold many more iPhones with greater supply and we are working hard to fill orders as quickly as possible,” Apple CEO, Tim Cook, said in September.

Since then Foxconn has hired more workers to staff its factories dedicated to manufacturing Apple devices. Apple also has reportedly tapped other supply partners, including Pegatron, to meet iPhone 6 and 6 Plus demand. InnoLux was rumored to be one of the manufacturers chosen by Apple to supply displays for the iPhone 6 earlier this year.