Factory location being announced next month.
Foxconn Technology Group, Apple’s primary manufacturer, will decide by July on the location of a new U.S.-based plant. The move is part of a $10 billion investment the company plans on making in Apple’s home country, according to Bloomberg.
Next month, Foxconn will decide on the location for a $7 billion display-making plant in the U.S. The other $3 billion will be invested elsewhere in the country.
Foxconn CEO Terry Gou says his company’s U.S. investments could be in seven states, including Ohio, Pennsylvania, Michigan, Illinois, Wisconsin, Indiana, and Texas.
Gou promised to ramp up investment in the U.S., possibly helping with a rust-belt economic revival. Dubbed “Flying Eagle,” Foxconn’s plan to build a U.S. facility could create tens of thousands of American jobs during Trump’s first year in office. The company is considering a joint investment with Sharp, but details have yet to be hammered out.
It was in January when Nikkei said that Apple and Foxconn planned on building flat-panel displays in the U.S. At the time, Gou told reporters that a U.S. production site could eventually create 30,000 to 50,000 jobs.
This wasn’t the first time that we’ve heard that Foxconn was considering moving or creating jobs in the U.S. In November, the Nikkei Asian Review said that Foxconn was considering moving some iPhone production to the U.S.
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