Foxconn Plans US Display Plant for Over $10 Billion, Scouting for Location

Foxconn, the world’s largest contract electronics maker and a major Apple supplier, plans to invest more than $10 billion (roughly Rs. 64,588 crores) in a display-making factory in the United States and will decide on the location of the plant next month.

The Taiwan-based firm has been eyeing US investments for some time and its CEO, Terry Gou, had previously said the company hoped to spend over $7 billion to set up a display-making plant in the country – which has no panel-making industry but is the No.2 market for televisions.

Foxconn, formally known as Hon Hai Precision Industry Co, is currently considering Wisconsin, Ohio, Michigan, Pennsylvania and North Carolina as possible locations, Gou told reporters after the company’s annual shareholders meeting on Thursday.

“In July we will make a conclusion,” Gou said, adding the company would invest the money over five years.

Foxconn operates vast factories in China, where it employs a million people and makes most of Apple’s iPhones, but so far it has not invested heavily in manufacturing in the United States.

“This time we go to America, it’s not just to build a factory, but to move our entire supply chain there,” Gou told shareholders, without providing specific details.

While the plant would create jobs, Gou added it would not employ as many people as in its China plants, as the cost of labour is higher and the plant would rely on automation.

“In the US, the state governors’ sincerity and confidence to attract investment … is beyond my imagination,” Gou said.

Foxconn Plans US Display Plant for Over $10 Billion, Scouting for LocationPresident Donald Trump has called for firms to build more products in the United States. He has made several announcements since his election in November about US investments by both foreign and domestic manufacturers, building on his campaign focus on preserving and creating American jobs.

According to Tai Jeng-wu, CEO of Foxconn’s Japanese unit Sharp, six US states were being looked at for a possible location for the display-making plant.

Foxconn already has operations in Pennsylvania.

Gou said that an agreement announced four years ago to invest in Harrisburg, Pennsylvania, was still pending.

Would you ever wear this Donald Trump swimsuit at the beach?

Bizarre trends catch on fast, sometimes within the blink of an eye. First, it was the hairy male chest swimsuits that got people talking, now it’s the ‘Shocked Donald Trump’ monokini that is making the rounds. We aren’t a big fan of the first creation by Beloved Shirts with the male torso design on it as it looks really gross on women. The latest one on offer by the same company is also not something we would recommend either.

Known to create wacky clothes, this US-based company isn’t holding itself back at all. The swimsuit shows a wide-eyed, open-mouthed Trump looking out in horror.

This creation – which is sold in a range of sizes from XS to XXL – will set you back $49.95, that is approximately Rs 3,000. In a statement, the company says, “The swimsuit made in the USA contours your form and is meant to flatter.”

We ask ourselves, why would anyone want to wear it in the first place?

Even though it’s good fun to see these quirky items, not everyone is keen to try it on. When Beloved Shirts shared a photo of the eccentric design on Instagram, people went wild.

One Instagram user wrote, “That man is an animal how can you sell things with his face.” While another one quipped, “If I wanted to look like a disgusting POS at the pool id just wear a two piece. And less people would be offended and also harassed lmao.”