Foxconn to build $10 billion manufacturing plant in Wisconsin as part of massive expansion plan in US

Foxconn says the expansion is the first in a series of investments in the United States

Foxconn says it will invest $10 billion over the next four years to build a liquid crystal display panel manufacturing facility in Wisconsin.

Foxconn, a Taiwanese company also known as Hon Hai Precision, says the new facility will be a “state-of-the-art” plant and part of its “intelligent manufacturing ecosystem”.

Foxconn is one of the world’s largest electronics manufacturing services providers, and makes iPhones and other devices for Apple.

The investment, which is believed to be the largest new greenfield investment made by a foreign-based company in US history, will create 3,000 jobs with the potential to grow to 13,000 new jobs in that state.  Continue reading Foxconn to build $10 billion manufacturing plant in Wisconsin as part of massive expansion plan in US

Foxconn evaluating US locations for $10 billion expansion plans

foxconn
A Foxconn production line with workers making iPhones. Picture: Flickr

Foxconn, the main manufacturer for Apple’s smartphones and tablet computers, is looking for locations in the US to invest $10 billion into setting up factories, according to a variety of reports in the media. 

The company has already earmarked $7 billion for a display panel factory after buying the Sharp electronics company, although it’s not certain where it will be located.

The Taiwanese company’s newly found interest in the US comes after President Donald Trump made it clear that he prioritises the reinvigoration of the country’s manufacturing base.  Continue reading Foxconn evaluating US locations for $10 billion expansion plans