Toshiba building new factory to churn out iPhone LCDs, says Nikkei

Word on the street -- and by that we mean a Nikkei Business Daily report -- is that Toshiba's dropping a cool 100 billion yen (around $1.2 billion in US currencies) for a new factory in the Ishikawa prefecture, Japan. Its raison d'être? Low-temperature polysilicon LCD panels, primarily for the iPhone (no indication on which version; Apple is said to be investing in a portion of the factory, as well). Construction begins early next year and production is apparently slated to commence in the second half. More than enough time to stockpile unicorn tears for the assembly line.