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Foxconn CEO says investment for display plant in US would exceed $7 bn

Foxconn is formally known as Hon Hai Precision Industry Co

Adani, Foxconn

A motorcyclist rides past the entrance of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in Tucheng, New Taipei city. Photo: Reuters

Reuters Taipei

Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday.

The plans, which would be carried out with its unit Sharp Corp, still depend on many factors such as investment conditions that would have to be negotiated at the U.S. state and federal levels, Gou told reporters on the sidelines of a company event.

The plans come as U.S. President Donald Trump pledged to put "America First" in his inauguration speech on Friday, reinforcing concerns of a U.S. protectionist agenda that has cast a cloud over the outlook for global trade.

 

Foxconn is formally known as Hon Hai Precision Industry Co.

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First Published: Jan 22 2017 | 6:40 PM IST

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