Apple And Foxconn Investing Billions In A New Display Plant In The U.S.?
Apple and Foxconn are in talks about a display manufacturing plant in the U.S., Nikkei reports. According to the paper, the two mega corporations are planning to invest billions of dollars to a new facility that would employ tens of thousands.
The founder and chairman of Foxconn Terry Gou estimates that even though the plant would be highly automatized it could bring as many as 30 000 to 50 000 new jobs indirectly. The total cost of the facility could measure in the $7 billion range.
It has been previously reported that Apple has been asking Foxconn what kind of investment a manufacturing plant in the U.S. would require. According to Nikkei, display manufacturer Sharp has also been interested in a U.S. based manufacturing facility.
Bringing blue-collar jobs back to the U.S. was of course one of the main themes in Donald Trump’s campaign as well as his inauguration speech three days ago. While it is still far from a sealed deal, this would be a huge victory for the new POTUS. However, Foxconn has estimated that this would definitely raise the prices.
Who Are Foxconn?
Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group, is a Taiwanese multinational electronics contract manufacturing company headquartered in New Taipei City, Taiwan. Foxconn is the world’s largest contract electronics manufacturer, and the third-largest information technology company by revenue.
Foxconn is primarily a contract manufacturer; its clients include major American, Canadian, Finnish, and Japanese electronics and information technology companies. Notable customers and products the company manufactures include BlackBerry, iPad, iPhone, iPod, Kindle, Nintendo 3DS, Nokia, PlayStation 3, PlayStation 4, Wii U, and Xbox One.
Foxconn has been involved in several controversies relating to how it manages employees in China. There has been a history of suicides at its factories blamed on working conditions. In January 2012, about 150 Foxconn employees threatened to commit mass-suicide in protest of their working conditions.
Information from Wikipedia (Public Domain)