Foxconn scouts seven states for $10 billion investment

By Reuters

Jun 23, 2017

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Foxconn, maker of Apple Inc. iPhones, 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.

While the plant would create jobs, Gou said it would not employ as many people as in its China plants, as the cost of labor is higher and the plant would rely on automation.

Read the full story at reuters.com.

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