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A Major Apple Supplier Plans Massive U.S. Expansion

October 26, 2017 By Dick Young

The creation of 30,000 to 50,000 good paying jobs may be just over the horizon. The Wall Street Journal lays out the plan.

BEIJING—Electronics manufacturer Foxconn Technology Group is considering investing $7 billion to build a flat-panel screen factory in the U.S., but the company founder says incentives will be needed to make the deal happen.

Speaking at a Foxconn company event in Taiwan on Sunday, founder and chairman Terry Gou said the factory could create 30,000 to 50,000 jobs in the U.S., and discussions were already under way with state and local officials in Pennsylvania and other states.

The factory would involve Sharp Corp. , the Japanese electronics maker and flat-panel supplier that Foxconn acquired last year.

Foxconn, Co., is the world’s largest electronics contract manufacturer and a major supplier to Apple Inc.

Read more here.

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Dick Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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