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Apple and Foxconn plan to invest $7 billion in the construction of a plant for the production of displays in the United States

Foxconn is the primary manufacturing partner of Apple, plans to open in the USA factory on manufacture of displays. On Monday according to the publication Nikkei, according to which the project investments will amount to about $7 billion.

Apple will take part in the launch of the new production, said founder and Chairman of the Board of Directors of Foxconn Terry GOU.

The head of Foxconn said that his Corporation together with Apple considering the possibility of joint investment of $7 billion in the opening of the plant for the production of display panels in the United States. The new facility will create between 30 000 to 50 000 jobs.

“Apple is ready to invest in the project together with us, because she would also need the panel. In total, the new factory in the U.S. will create 30,000 to 50,000 new jobs,” – said the head of Foxconn.

Previously elected President of the United States Donald trump during election campaign declared that he intended to force Apple to make electronics in the United States. At the moment a large part of the company’s products assembled in China.

“Apple and other major companies will begin to produce their iPhone, computers and other products in America, not in China, not in other countries. We start to produce goods in their country and to create jobs that are good for our country,” said trump. And Foxconn, Sharp and Apple are partners.

Despite the fact that electronics manufacturing in the US is much more expensive than China due to higher operating costs and costs of labour, experts believe that the opening of the plant for the production of displays in the States a better option than the import displays from China.

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What types of displays and any technology will be produced at the new plant in the USA, not specified.

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