Funai Electric Co., Ltd. plans to open Funai Lexington Technology Corporation in Fayette County. The technology company will be a subsidiary of the company, which is headquartered in Japan and will employ up to 50 people with an average wage of $100,000 per year. Funai Lexington Technology Corporation will support research and development in the inkjet and microfluidic technologies.

The corporation, which will be located on the Lexmark campus in Lexington, represents a $4.2 million investment in the Commonwealth. Central Kentucky's skilled workforce and training programs will enable Funai to carry on a tradition of innovation in the region.