Taiwan’s Hon Hai Precision Industry Co. (also known as Foxconn Technology Group) will begin developing a kind of high-precision OLED panels designed for current smartphones and tablets with narrow frames and mass produce the new panels in 2015, a OFWeek report quoted sources saying. The report noted Innolux Display Group, the world’s third biggest panel plant is a subsidiary of Hon Hai. Hon Hai’s entry into the OLED panel market is expected to intensify competition.