Foxconn May Build $7 Billion Manufacturing Plant in U.S.

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Taiwan electronics maker Foxconn may build a display-manufacturing plant in the U.S., the value of which could exceed $7 billion.

The world’s largest contract device maker — one of its best-known partners is Apple, for whom it assembles iPhones — had been mulling the project, Foxconn CEO Terry Gou said Sunday.

Foxcoon would build the display plant with Sharp, the tech display company it acquired last year. The company’s commitment to do the deal would depend on investment conditions, Gou told reporters from Reuters and other outlets while speaking at a company event.

There had been previous hints that Foxconn was looking at a U.S. expansion. Last month, Softbank CEO Masayoshi Son pledged a $50 billion investment in the U.S. to then-President-elect Donald Trump. As part of the information, Son disclosed Foxconn’s participation with a $7 billion investment of its own.

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SOURCE: USA Today, Mike Snider