“Japanese display maker Sharp Corp may start building a $7 billion plant in the United States in the first half of 2017, taking the lead on a project initially outlined by its Taiwanese parent Foxconn, a person with knowledge of the plan said,” Makiko Yamazaki reports for Reuters.

“A decision by Foxconn to give Sharp the lead would come as Japanese Prime Minister Shinzo Abe prepares to travel to the United States to meet U.S. President Donald Trump, who in his inauguration speech vowed to put ‘America first,'” Yamazaki reports. “In a package Tokyo hopes will please Trump, Abe will unveil investments to create as many as 700,000 U.S. jobs, people familiar with the matter told Reuters earlier.”

“Terry Gou, the chief executive of Foxconn, the world’s largest contract electronics maker, last month said he was considering investing around $7 billion to build a display-making plant in the United States, but did not elaborate on any time frame,” Yamazaki reports. “He said the issue came up when business partner Masayoshi Son, head of Japan’s SoftBank Group Corp, talked to Gou before a December meeting Son had with Trump.”

U.S. President Donald Trump and Softbank CEO Masayoshi Son in December 2016

U.S. President Donald Trump and Softbank CEO Masayoshi Son in December 2016

 
“Trump has raised concerns in Japan by criticizing the scarcity of U.S. cars in its auto market. He has also accused the Tokyo government of using monetary policy to devalue its currency and has also lumped Japan with China and Mexico as big contributors to the U.S. trade deficit,” Yamazaki reports. “Abe will visit Trump at his private Mar-a-Lago resort in Florida over the weekend, where the two leaders will play golf, following a meeting on Friday in Washington.”

Read more in the full article here.

MacDailyNews Take: Sounds like things are moving along quickly on this deal.

SEE ALSO:
Foxconn-Sharp considering LCD plant in USA, plans in response to President-elect Trump’s ‘Make in America’ call – January 13, 2017
With President Trump soon to take office, Apple looks to boost its ‘Made in America’ credentials – January 10, 2017
Make America Insanely Great Again: Apple seeks to expand Made in USA manufacturing – January 9, 2017
Apple invests $1 billion in SoftBank’s massive tech fund; may help company get in President Trump’s good graces – January 4, 2017
Apple in talks to invest $1 billion in SoftBank tech fund – December 13, 2016
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016