Foxconn Considers Building a Panel Manufacturing Plant in the U.S.
Foxconn is considering building a panel manufacturing plant in the U.S., reports the WSJ.
Speaking to reporters at the company's 40th anniversary gathering, Chairman Terry Gou revealed that the company plans to relocate capital intensive and high-tech manufacturing to the U.S.
Mr. Gou said Sunday Hon Hai is studying the feasibility of building an advanced 10th-generation panel manufacturing plant in the U.S. Such facilities can churn out liquid display screens larger than 60 inches. He said it is currently difficult to ship large TV screens to the U.S. from Asia.
"Automation, software and technology innovation will be our key focus in the U.S. in the coming few years," Gou said.
In November the company indicated that it may invest US$30 million in manufacturing facilities for high-end telecommunications products and US$10 million for automation research and development in Pennsylvania.
Hon Hai already has production facilities in more than ten countries including China, Vietnam, Turkey, Brazil, Mexico and Hungary. Gou says the company is aiming for 15% revenue growth this year.