Foxconn, the manufacturer behind Apple’s products, is considering opening a factory in Phoenix.
Over the weekend, Foxconn’s billionaire chairman, Terry Gou, told reporters that there is a tentative plan to build a new manufacturing facility on U.S. soil as an investment with Apple. Phoenix is a rumored finalist to host the facility.
The $7 billion investment would be used to construct a new factory to manufacture display panels that would create as many as 50,000 jobs. Just last year, Foxconn raised its global profile with the purchase of Japan’s Sharp Corp, which was struggling financially. This new plant would work in conjunction with Sharp, and would require incentives, such as low cost power and land, to be built.
In response to questions, Foxconn said it could not confirm details of the possible investment.
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