Following Foxconn's $3.5 billion Sharp Takeover, it was reported that Foxconn aims to invest a total of $1.8 billion in OLED technologies, as Foxconn aims to become an OLED supplier to Apple. In June 2016 Foxconn's president said that the company aims to start mass producing OLEDs as early as 2017, but this was way too optimistic - production will probably start at 2018 or even 2019.
Sharp recently announced plans to invest $570 million to setup pilot OLED production lines in Osaka, Japan. According to a new report from Nikkei Asian Review, Foxconn and Sharp new plan is to build the mass production lines in China and not in Japan. The two companies hope that the Chinese government will step up to help with funds. China also represents a larger market for OLED panels (including Apple's iPhones which are made in China).
Foxconn... Yay. How the existence of such companies keeps being tolerated... *sigh*