Foxconn plans to increase investment in SDP (Sakai Display Products), its LCD panel joint venture with Sharp, by 52.1 billion yen (US$446 million; US$1=116.8 yen), reported Nikkei on December 30. The company will acquire 436,000 share of SDP from Sharp for around 17.2 billion yen (US$147 million), turning SDP into a subsidiary. Following the transaction, Sharp's stake in SDP will decrease to 26.71%. In addition, Taiwan's Investment Commission has approved an application filed by Foxconn Chairman Terry Gou's son, Gou Shou-cheng, to spend an additional 34.97 billion yen (US$299.4 million) to engage in flat-panel marketing for the Sakai plant.