Apple supplier Foxconn mulling $7-billion investment in US to create 50,000 jobs

The world’s largest contract manufacturer of electronics, the principal supplier of iPhones and iPads, has let it be known that Pennsylvania may be the home of a massive investment in U.S. manufacturing. Bloomberg reports: Foxconn Technology Group is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple Inc.’s main manufacturer that may create tens of thousands of American jobs during President Donald Trump’s first year in office. The company is considering a joint investment with Sharp Corp.[1], the Japanese display supplier it bought last year, but details have yet to be hammered out, Reuters cited Chairman Terry Gou as telling reporters in Taipei on the sidelines of a company event. Foxconn confirmed the report Monday. Foxconn is a massive company that walks a political tightrope.  It is based in Taiwan yet does much of its manufacturing in Mainland China.  It received massive...(Read Full Post)