Foxconn says may build $7 billion display plant in US; PA is a state it would prioritize, CEO says
Tom Paine
Follow @phillytechnews
Subscribe in a reader
Foxconn's CEO said on Sunday that investment for a display plant which it might build in the U.S. would exceed $7 Billion and could create about 30,000-50,000 job (though that number seems high).
Foxconn has existing cooperation with and operations in Pennsylvania, which is a state Foxconn would prioritize, says Foxconn chairman & CEO Terry Gou. However, no promise has been made to build such a plant.
Apparently, Foxconn business partner Masayoshi Son of SoftBank revealed Foxcomm's tentative plans, inadvertently or not, after a December meeting with then President-elect Trump.
The plant would produce LCD displays, according to reports.
What Foxconn is doing now in Pennsylvania is unclear. It does have some kind of facility in the Harrisburg area, and it recently posted this job listing for a Sr. Commodity Manager in Breinigsville, near Allentown. (Update: That's for the former CyOptics business, which Foxcomm bought from Avago in 2015.)
However, the Inquirer's Joe DiStefano has questioned Foxconn's willingness to follow through on commitments its made in the past.
In 2013, Foxconn announced it would invest $40 miilion in Pennsylvania, including a manufacturing facility near Harrisburg. A LinkedIn search indicates that Foxconn employs numerous people in Harrisburg.
Meanwhile, here's a somewhat off the wall video about Foxconn's interest in the US manufacturing:
Subscribe to:
Posts (Atom)
