iPhone Manufacturer Foxconn Mulling $7 Billion U.S. Display Factory Investment with Apple.

IPhone manufacturer Foxconn is considering a $7 billion joint business with Apple to establish a display manufacturing facility in the United States, it reported on Sunday.

Foxconn’s proposition to assemble a display plant, which would be arranged with its Sharp Corp unit, rely on upon many components, for example, venture conditions, that would need to be negotiated at the U.S. state and government levels, Gou told journalists on the sidelines of a company event.

Gou likewise said that Smart Technologies, a Foxconn-controlled interactive display startup situated in Canada, may move south of the outskirt, after U.S. President Donald Trump flagged a conceivable renegotiation of the North American Free Trade Agreement.

Gou said that Foxconn, formally known as Hon Hai Precision Industry Co, had been thinking about such a move for a considerable length of time, however, the issue came up when Foxconn business accomplice Masayoshi Son, leader of Japan’s SoftBank Group Corp, conversed with Gou before a December meeting Son had with Trump.

Thus of the meeting, Son vowed a $50 billion US of interest in the United States and coincidentally unveiled data demonstrating Foxconn’s logo and an unspecified extra $7 billion US speculation. At the time, Foxconn issued a brief articulation saying it was in preliminary dialogs to grow its U.S. operations, without explaining.

“Son is a good friend,” Gou said, adding that Son had asked for his views about investing in the United States. Gou said he told Son that the United States has no panel-making industry but it is the second-largest market for televisions. An investment for a display plant would exceed $7 billion and could create about 30,000-50,000 jobs, Gou told Son.

“I thought it was a private conversation, but then the next morning it was exposed,” Gou said. “There is such a plan, but it is not a promise. It is a wish.” Foxconn has existing cooperation and operations in Pennsylvania, which is a state Foxconn would prioritize, depending on land, water, power, infrastructure and other investment conditions, he said.