Toshiba will spend roughly $1.2 billion to build a new factory for making small LCD panels, primarily for Apple, according to a new report. Citing the Nikkei business daily, Reuters reports that the factory will be built in the Ishikawa prefecture and will produce high-resolution, low-temperature polysilicon LCD panels. Work on the plant is expected to start by early next year with production expected to begin in the second half of 2011; Toshiba already…