Foxconn to invest $10B in U.S. plant

[WVPATX]

Winning.

iPhone Manufacturer Foxconn Plans to Invest $10 Billion on U.S. Plant

AFP

by BREITBART TECH22 Jun 20172

(Reuters) — Foxconn, the world’s largest contract electronics maker and a major Apple Inc supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month.
The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, had previously said the company hoped to spend over $7 billion to set up a display-making plant in the country – which has no panel-making industry but is the No.2 market for televisions.

Foxconn, formally known as Hon Hai Precision Industry Co, is currently considering Wisconsin, Ohio, Michigan, Pennsylvania and North Carolina as possible locations, Gou told reporters after the company’s annual shareholders meeting on Thursday.

“In July we will make a conclusion,” Gou said, adding the company would invest the money over five years.

 

[EEResistable]

Those should be good paying jobs. Excellent.

 

[WVU82_rivals]

 

[bornaneer]

Old news....Wisc is reported to be in the lead for Foxconn. West Virginia is also among the states being considered.

 

[MountaineerWV]

Old news....Wisc is reported to be in the lead for Foxconn. West Virginia is also among the states being considered.

If it were to locate in West Virginia, I bet it would be northern region (near Morgantown) or the eastern Panhandle.....nothing good will come to the region that needs good paying jobs......

 

[PriddyBoy]

...nothing good will come to the region that needs good paying jobs......

Could you tone down the optimism a little? Thantks.

 

[bornaneer]

If it were to locate in West Virginia, I bet it would be northern region (near Morgantown) or the eastern Panhandle.....nothing good will come to the region that needs good paying jobs......

You are probably correct. I agree that those two areas plus maybe the Bridgeport area could attract the necessary workforce that would be needed. I don't know if any area of the state could handle an influx of the up to 50,000 jobs they are claiming the could be created. I would say that the Eastern Panhandle would be the best suited to handle that many people.