Foxconn Considers Building a Panel Manufacturing Plant in the U.S.

Posted January 27, 2014 at 8:45am by iClarified | Please help us and submit a translation by clicking here | 4273 views

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.

Read More




Share
Add Comment
Follow iClarified
Sprint Plan Offers Unlimited Talk, Text, Data and an iPhone 6 Lease for $65/Month
Leaked Samsung Galaxy S6 Headphones Look a Lot Like Apple EarPods [Photos]
Vimeo App Gets Chromecast Support
Vimeo released an update to its iOS app today...
Check Out Google's Proposal for a New Futuristic Campus [Video]
Google has announced plans to build a new fut...
MLB.com At Bat App Gets Major Update for 2015 With New UI, Navigation, More