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Foxconn may team with Apple to build $7 billion manufacturing facility in U.S.

Foxconn Technology Group is considering building a display-panel manufacturing facility in the United States in a joint venture with Apple Inc. that could create up to 50,000 jobs, the company’s chairman said Sunday.

Terry Gou, Taiwan-based Foxconn’s chairman and CEO, said the facility could cost $7 billion and create between 30,000 and 50,000 new jobs, according to a report by the Nikkei Asian Review, and could include the production of TV screens in addition to smartphone displays. Gou noted that the U.S. has no TV-display factories, even though it is the world’s second-largest TV market. “Apple is willing to invest in the facility together because they need the (panels) as well,” Gou told Nikkei.

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