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June 23, 2017

Foxconn may spend $10B on U.S. plants

  • Foxconn is the biggest contract manufacturer of smartphones and other devices for Apple, Sony, Blackberry and other brands.
    • By JOE McDONALD and JOHNSON LAI
    Associated Press

    TAIPEI, Taiwan — The chairman of Taiwanese electronics giant Foxconn said Thursday it may spend more than $10 billion to set up manufacturing in the United States, and will announce investment plans by early August for at least three states.

    Terry Gou gave no new information about where Foxconn will locate a U.S. display panel factory he said in January would cost up to $7 billion to build. That announcement triggered a flurry of lobbying by state leaders hoping to attract the investment, which he said might generate as many as 50,000 jobs.


     
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