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iPhone Manufacturer Foxconn Mulling $7 Billion U.S

Foxconn display factory with apple

Foxconn display factory with apple

The brand new factory might be a combined investment with Apple. “Apple is willing to invest in the facility together only because they desire as well,”. Foxconn Technology Group is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple Inc.’s main manufacturer that may create tens of thousands of American jobs during President Donald Trump’s first year in office.

Foxconn display factory with apple
Foxconn display factory with apple

                   According to reports, Gou said that the rise of U.S. protectionism was an inevitable consequence of the Trump administration, but questioned whether American consumers would be willing to pay significantly more for products as a result.

Foxconn considers $7 billion US display factory in cooperation with Apple

The new factory might be a joint investment with Apple. Chinese manufacturing giant Foxconn is considering investing $7 billion to build a new factory in the US assembling flat panel screens. Reports from The Wall Street Journal and the Nikkei Asian Review say Foxconn chairman Terry Gou discussed the plans at a company event this weekend, speculating that the factory could create 30,000 to 50,000 new jobs.

FOXCONN AND APPLE WILL COOPERATE FOR A $7 BILLION US

Based in Taiwan Foxconn, the company that assembles most of Apple’s iPhones in China, is contemplating constructing a U.S. screen-making facility for upwards of $7 billion, a leading investment for Apple Inc.’s principal producer that may create tens of thousands of American jobs during President Donald Trump’s first year in office. The brand new factory might be a combined investment with Apple. Apple is willing to invest in the facility together only because they desire as well,

Foxconn interest in Sharp shares hints at Apple television

Apple’s primary manufacturing partner Foxconn is looking to buy more shares of display panel maker Sharp, fuelling rumours about the Apple television set. Foxconn Chairman Terry Gou revealed that his company is currently considering buying more shares of Sharp following a drop in share price, reports Reuters.

            The idea took shape after Gou spoke with Masayoshi Son, chairman of SoftBank Group Corp. and a close business partner. Son, who’s announced his own plan to invest $50 billion in the U.S., asked Gou for his views. A document Son held up for reporters after a December meeting with Trump included the words Foxconn and $7 billion alongside SoftBank’s numbers.

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