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Asia300

Foxconn considers $7bn US display facility with Apple

Taiwanese manufacturer pledges China investment increases for Sharp products

Foxconn Chairman Terry Gou, left, says his company is exploring investments in the U.S. but has no plans to leave China. (Photo by Kensaku Ihara)

TAIPEI -- Key iPhone assembler Hon Hai Precision Industry is mulling a joint investment with Apple topping $7 billion for a highly automated display facility in the U.S., Chairman Terry Gou said Sunday.

"Apple is willing to invest in the facility together because they need the [panels] as well," Gou told reporters after the company's annual year-end party in the Nankang district of Taipei. The U.S. production site eventually would create 30,000 to 50,000 jobs, the Taiwanese tycoon said.

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