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Foxconn to invest $10 billion in the U.S.

2017/06/22 22:06:33

Taipei, June 22 (CNA) Foxconn Technology Group plans to move its fully automated manufacturing supply chain to the United States, the company founder said on Thursday.

Foxconn is considering investing about US$10 billion in six states mostly around the Great Lakes, with projects over a five-year period, said Terry Gou (郭台銘), chairman and CEO of Hon Hai Precision Industry Co., better known as Foxconn.

Gou said the group has been in touch with the White House's American Innovation Office and six states in the Midwest, the heart of the US manufacturing sector.

The supply chain could include display making, semiconductor packaging, big data and cloud-related technologies, Gou said at the company's annual shareholders' meeting in New Taipei.

(By Chung Jung-feng and Kuo Chung-han)