Foxconn plans U.S. display making plant for over $10 billion, scouting for
Foxconn (2317.TW), the world's largest contract electronics maker and a
major Apple Inc (AAPL.O) supplier, plans to invest more than $10 billion in
a display-making factory in the United States and will decide on the
location of the plant next month.
The Taiwan-based firm has been eyeing U.S. investments for some time and its
CEO, Terry Gou, had previously said the company hoped to spend over $7
billion to set up a display-making plant in the country - which has no
panel-making industry but is the No.2 market for televisions.
Foxconn, formally known as Hon Hai Precision Industry Co, is currently
considering Wisconsin, Ohio, Michigan, Pennsylvania and North Carolina as
possible locations, Gou told reporters after the company's annual
shareholders meeting on Thursday.
"In July we will make a conclusion," Gou said, adding the company would
invest the money over five years.