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Foxconn's Gou vows to invest more than $10bn in US, create jobs

Taiwanese iPhone assembler still confident of winning Toshiba chip unit

Foxconn Chairman Terry Gou is planning to build panel facilities in the U.S. (Photo by Nozomu Ogawa)

TAIPEI -- Chairman Terry Gou of key iPhone assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, said on Thursday that his business empire would invest more than $10 billion and create employment in the U.S., focusing on Republican heartlands and swing states.

"We will provide tens of thousands of jobs," Gou told reporters after the company's annual shareholders' meeting. "It is possible [Foxconn and Sharp together] will invest more than $10 billion, not all at once, but probably over a five-year span." Foxconn bought struggling Japanese display maker Sharp last year.

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