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Foxconn considering $7bn panel facility in US

CEO Terry Gou says Apple on board with joint investment in production plant

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Foxconn Chairman Terry Gou has said his company is exploring investments in the U.S. but has no plans to leave China.   © Reuters

TAIPEI Key iPhone assembler Hon Hai Precision Industry is considering investing more than $7 billion jointly with Apple to build a highly automated display panel production facility in the U.S., according to Chairman Terry Gou.

"Apple is willing to invest in the facility together because they need the [panels] as well," Gou told reporters in Taipei following an annual company party on Jan. 22. The U.S. production site would eventually create 30,000 to 50,000 jobs, he said.

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