Foxconn Plan Close to Completion for a Massive U.S. Plant in the U.S. to Make LCD Displays and More
A report out of Osaka Japan today quotes a Sharp executive stating that Hon Hai Precision Industry (Foxconn) and its Japanese subsidiary Sharp have begun studying the possibility of building a liquid crystal display panel plant in the U.S. The plan is "on the table," the executive said. "We will make a decision carefully."
The Taiwanese electronics contract manufacturer, also known as Foxconn, and its Japanese alliance partner SoftBank Group reportedly told Donald Trump they would jointly make significant investments creating new jobs in the U.S. when SoftBank Chairman Masayoshi Son met the President-elect in New York last month. The joint investment plan was proposed by Son, the Sharp executive said.
With Trump urging American manufacturers to bring operations back to the U.S., Hon Hai is considering production in the U.S. due to its huge market for TVs and other home appliances. The investment in the plant could be as high as US$8.7 billion.
Hon Hai (Foxconn) is a major producer for Apple, is also considering iPhone production in the U.S.
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