Foxconn is considering to build a production facility in the U.S. to make display panels. Apple, an important customer of the panels, would also contribute to the investment.
Hon Hai Precision Industry, better known as Foxconn, is considering to build a production facility in the U.S. to make display panels. Apple would contribute to the investment, as they are an important customer of the panels.
According to Foxconn chairman Terry Gou, an investment of seven billion dollars could create between 30,000 and 50,000 U.S. jobs. Gou said his company is also considering to move an interactive display plant in Canada to the U.S., taking into account that Trump has announced that he wants to renegotiate the North American Free Trade Agreement. However, Gou has his doubts about the feasibility of moving all electronics production to the U.S. where production costs will be much higher.
Gou explained: “In the future, [consumers] may be paying some $500 more for [U.S.-made] products, but those do not necessarily work better than a $300 phone.”
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