Foxconn, Apple to set up $7-bn unit in US

New York, January 23

Taiwan technology giant Foxconn is teaming up with Cupertino-based Apple to set up a manufacturing facility in the US with an investment of $7 billion, say media reports.

“It could create between 30,000 and 50,000 new jobs and could include the production of TV screens besides smartphone displays,” marketwatch.com quoted Terry Gou, Foxconn’s Chairman and CEO, as saying.

Foxconn has most of its factories in China where it assembles Apple’s iPhones.

Last year, it took over Japanese major Sharp and the display-making investment being considered in the US is thought to be under the new Sharp unit. — IANS