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Foxconn, Apple to partner on $7B U.S. plant?

  • Foxconn (OTC:FXCOF) is mulling a joint investment with Apple (NASDAQ:AAPL) topping $7B for a highly automated display facility in the United States.
  • The production site would eventually create 30,000 to 50,000 jobs, CEO Terry Gou told the press, according to Nikkei.
  • While American manufacturing is typically more expensive, Gou claimed that growing demand for larger display panels made U.S. production a better option than importing parts from China.
  • Previously: Foxconn mulls $7B investment in the U.S. (Jan. 22 2017)

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