CUPERTINO (CBS / AP) – Foxconn, a major assembler of iPhones and other electronics, may invest $7 billion in a plant for manufacturing display panels that would create as many as 50,000 jobs in the U.S.
Foxconn CEO Terry Gou discussed the potential expansion Sunday during a company meeting in Taiwan, the company’s home country. Several publications in Taiwan reported Gou’s remarks.READ MORE: Victims Of EDD Bank Of America Debit Card Fraud Could Be Taxed On Benefits They Never Received
It’s the first time he has provided details about a possible U.S. expansion since one of Foxconn’s partners, SoftBank CEO Masayoshi Son, revealed Foxconn was mulling a $7 billion investment after a December meeting with then President-elect Donald Trump.READ MORE: 5 Charged In SF Corruption Probe, Temporarily Barred From Receiving City Contracts
If the plant is built, Gou said it would work with Foxconn’s Sharp subsidiary. He touted Pennsylvania as leading candidate for the plant, but said Foxconn is in discussions with other states, too.MORE NEWS: COVID: SF Restaurants Use High-Tech Tools To Make Indoor Dining Safe
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