“Hon Hai Precision Industry Co., which assembles gadgets for Apple Inc. and other global technology firms, is evaluating a plan to build an advanced display manufacturing plant in the U.S., its chairman said,” Lorraine Luk reports for The Wall Street Journal.
“Terry Gou, speaking to reporters at the company’s 40th anniversary gathering on Sunday, said Hon Hai, also known by the trade name Foxconn, plans to relocate capital-intensive and high-tech manufacturing to the U.S., its largest market,” Luk reports. “‘Automation, software and technology innovation will be our key focus in the U.S. in the coming few years,’ Mr. Gou said.”
“In November, the company said it might invest $40 million in manufacturing and research facilities in Pennsylvania,” Luk reports. “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. In 2012, Mr. Gou agreed to acquire a 50% stake in Sharp Corp.’s advanced panel-making plant in Sakai, Japan… Hon Hai has currently has production sites in more than 10 countries, including China, Vietnam, Turkey, Brazil, Mexico and Hungary.”
Read more in the full article here.
MacDailyNews Take: Apple iTV. Designed by Apple in California. Assembled in Pennsylvania?