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Foxconn Set To Build New US Factories Creating 50,000 Jobs – The Trump Effect?

One of the worlds largest employers, Foxconn Technology Group, is reportedly considering the construction of a Screen Manufacturing plant in the US as part of a joint venture with Apple Inc.  The construction of the plant could create up to 50,000 jobs and is most likely been prompted by Trump’s term in office – and his promise to bring manufacturing back to the States – or penalise companies who don’t.

Foxconns Taiwan-based CEO and Chariman, Terry Gou, was quoted as saying the factory could support 30,000 to 50,000 jobs at a cost of $7 billion to build.  The factory would reportedly build Smartphone displays along TV screens and other displays.  Gou mentioned that while the US is the worlds second largest consumer of TV’s, the country itself had no TV-display manufacturing facilities.  “Apple is willing to invest in the facility together because they need the (panels) as well,” Gou said.

Foxconn is the worlds largest contracting manufacturer and producer of electronics and produces the vast majority of Apple’s iPhones, iPads and accessories are produced in its factories throughout Asia.  Gou said the company was already considering investment in the US and had been planning a new factory in the US for years, with the idea recently being revisited and efforts ramped up after the company met with then President-Elect Donald Trump and pledged to invest $50 billion in the US.

Foxconn is also said to be opening a new moulding plant in Pennsylvania and may also move its interactive-display production, currently located in Canada, across the border and into the States if President Trump succeeds in renegotiating the North American Free Trade Agreement.

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