January 23, 2017    1 minute read

Foxconn Plans Multi-billion US Investment

   January 23, 2017    1 minute read

Foxconn Plans Multi-billion US Investment

The electronics giant is considering a $7bn+ expansion in its American operations.

Editor’s Remarks: The world’s largest contract electronics manufacturer outlined plans to install a display-making plant. There is currently no such industry on US soil, but the country is the world’s second-largest market for TVs. The Taiwanese company’s investment is still in planning stage and is therefore subject to investment conditions and state and federal negotiations. Foxconn’s CEO estimates the plant would create 30,000-50,000 jobs, though, so the new administration could well be eager to expedite such plans in an effort vindicate Trump’s protectionist policies.

What to watch: Foxconn, Sharp, Softbank Group, Apple

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