Foxconn to Create “Tens of Thousands” of U.S. Jobs With Investment Worth $10B

[Maura]

9to5 Mac reports that Foxconn is to set up U.S.-based manufacturing plants in “several” states as part of a deal said to be worth $10B, $7B of which is marked for display production, with the rest set aside for various other products.

According to the original report in Bloomberg, Foxconn chairman Terry Gou has said that there are seven states up for consideration by Foxconn as factory locations, namely Ohio, Pennsylvania, Michigan, Illinois, Wisconsin, Indiana, and Texas.

“Our investment in the U.S. will focus on these states because they are the heart of the country’s manufacturing sector,” Gou told investors. “We are bringing the entire industrial chain back to the traditional manufacturing region of the U.S. That may include display-making, semiconductor packaging and cloud-related technologies.”

Gou said that the new plants could create “tens of thousands” of jobs in America. As far as timeframe is concerned, Foxconn will be announcing the location of the display plant in July.

Source: Foxconn narrowed US factory locations to seven states, will decide next month