Foxconn May Spend Over $10 Billion in US Expansion
A Taiwanese electronics company says that it may spend more than $10 billion to develop factories in the United States.
Terry Gou, chairman of Foxconn, made the announcement to reporters Thursday. In January, the company said it would build a display panel factory, estimated to cost as much as $7 billion. Gou did not provide details Thursday about where building might take place.
Foxconn is the biggest contract manufacturer for smartphones. It makes products for Apple, Sony, Blackberry and other companies.
Gou told shareholders that Foxconn will create U.S. manufacturing and software development operations in artificial intelligence and automation.
He said that Foxconn has been in contact with the Trump administration. He added that he expects to finish negotiations by the end of July or early August.
The first investment agreements could involve at least three U.S. states. Three others could be added later, Gou said.
"We will provide at least tens of thousands of job opportunities," Gou said Thursday.
He said Foxconn hopes to work with American states such as Ohio, Pennsylvania, Michigan, Illinois, Wisconsin, Indiana and Texas.
Implications of Foxconn's expansion to the U.S.
In January, Gou said that Pennsylvania was the top candidate for the panel factory. It would be linked with the Sharp electronics company.
Foxconn bought the Japanese company in March 2016 for $3.5 billion.
Expansion into the United States would decrease Foxconn's dependence on China. The company has about 1 million employees and most of its operations in that country.
I'm John Russell.
1.display panel 显示面板
With a digital camera, use the picture display panel to review the results.
2.work with 与...共事；合作
You cannot expect to like all the people you will work with.
3.by the end of 在...结束前
By the end of the holiday I had spent all my money.
4.job opportunities 工作机会
Education now offers the lower classes access to job opportunities.
1."We will provide at least tens of thousands of job opportunities," Gou said Thursday.
tens of thousands of 数以万计的
Within our own galaxy there are probably tens of thousands of planetary systems.
Tens of thousands of people have been rehearsing for the opening ceremony in the workers 'stadium.
2.Gou did not provide details Thursday about where building might take place.
take place 发生；举行
A total solar eclipse is due to take place some time tomorrow.
Elections were postponed the day before polling was due to take place.
周四，富士康公司董事长郭台铭对外发表了这一声明 。1月份，该公司表示将建立一家显示面板工厂，预计会花费70亿美元 。
富士康是最大的智能手机合同制制造商 。该公司为苹果、索尼、黑莓等公司生产产品 。
他说，富士康一直在跟特朗普政府接触 。他还表示，预计在7月底或8月初完成谈判 。
郭台铭曾于1月份指出，宾夕法尼亚州是显示面板建厂的首选 。这可能与夏普电子公司有关 。
进军美国将缓解富士康对中国大陆的依赖程度 。该公司约100万名员工和大部分业务都在大陆 。