Apple and Foxconn investing billions in a new display plant in the U.S.?
Apple and Foxconn are in talks about a display manufacturing plant in the U.S., Nikkei reports.
According to the paper, the two mega corporations are planning to
invest billions of dollars to a new facility that would employ tens of
thousands.
The founder and chairman of Foxconn Terry Gou estimates that even though
the plant would be highly automatized it could bring as many as 30 000
to 50 000 new jobs indirectly. The total cost of the facility could
measure in the $7 billion range.
It has been previously reported that Apple has been asking Foxconn what kind of investment a manufacturing plant in the U.S. would require. According to Nikkei, display manufacturer Sharp has also been interested in a U.S. based manufacturing facility.
Bringing blue-collar jobs back to the U.S. was of course one of the main themes in Donald Trump's campaign as well as his inauguration speech three days ago. While it is still far from a sealed deal, this would be a huge victory for the new POTUS. However, Foxconn has estimated that this would definitely raise the prices.
It has been previously reported that Apple has been asking Foxconn what kind of investment a manufacturing plant in the U.S. would require. According to Nikkei, display manufacturer Sharp has also been interested in a U.S. based manufacturing facility.
Bringing blue-collar jobs back to the U.S. was of course one of the main themes in Donald Trump's campaign as well as his inauguration speech three days ago. While it is still far from a sealed deal, this would be a huge victory for the new POTUS. However, Foxconn has estimated that this would definitely raise the prices.
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