Saturday January 14, 2017

Foxconn & Sharp Considering Plans To Build $8B LCD Plant In U.S.

Foxconn and Sharp are thinking about building a liquid crystal display panel plant in the U.S. Of course, this would be a move that correlates well with the wishes of the President-Elect, who wants to see more stuff getting made in the States.

The Taiwanese electronics contract manufacturer, also known as Foxconn, and its Japanese alliance partner SoftBank Group reportedly told Donald Trump they would jointly make significant investments creating new jobs in the U.S. when SoftBank Chairman Masayoshi Son met the President-elect in New York last month. The joint investment plan was proposed by Son, the Sharp executive said. With Trump urging American manufacturers to bring operations back to the U.S., Hon Hai is considering production in the U.S. due to its huge market for TVs and other home appliances.