Date
17 October 2018
Foxconn's plans for US display manufacturing plant will depend on several factors, says Terry Gou. Photo: Bloomberg
Foxconn's plans for US display manufacturing plant will depend on several factors, says Terry Gou. Photo: Bloomberg

Foxconn mulls display manufacturing plant in US

Taiwan’s Foxconn Group is considering setting up a display-making plant in the United States in an initiative that could entail investment of more than US$7 billion.

The project will depend on many factors, such as investment conditions, that will have to be negotiated at the US state and federal levels, Chairman Terry Gou said on Sunday, Reuters reports.

Speaking to reporters on the sidelines of a company event in Taiwan, Gou noted that the US has no panel-making industry even though the country is world’s second-largest market for televisions.

A potential new display plant could create about 30,000-50,000 jobs, according to Gou.

The project could be undertaken by Japan’s Sharp Corp, which was acquired by Foxconn last year.

The plans come after US President Donald Trump pledged to put “America First” in his inauguration speech on Friday, seeking more manufacturing in the United States.

Foxconn has existing cooperation and operations in Pennsylvania, which is a state Foxconn would prioritize, depending on land, water, power, infrastructure and other factors, Gou said.

In other comments, Gou said Foxconn will remain active in China, where the group operates several factories that churn out products for Apple and other global brands.

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RC

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