$7 billion Sharp display factory may be built in the US to supply Apple, says Foxconn CEO

$7 billion Sharp display factory may be built in the US to supply Apple, says Foxconn CEO
Back in February last year, Foxconn's CEO Terry Gou nailed another jewel for the crown - Sharp's struggling business, for the hefty sum of $3.8 billion. Sharp does have some unique screen technologies to offer, like its power-sipping IGZO display chemistry, and is also making a foray into the OLED display panel production

While it has still not scaled the OLED sector to the quality and quantity required by Foxconn's largest customer - Apple - it will be slowly getting there, and a first step in that direction is a brand shiny new display plant that Foxconn aims to build for it. That factory is now heavily rumored to be built in the US, according to Nikkei, which cites Terry Gou himself, speaking at a celebratory press event in Taiwan yesterday. 

The screen facility is expected to cost $7 billion, and create between 30,000 and 50,000 jobs in the US. Another one - a molding factory - is said to land in Pennsylvania, whose state officials have actually been present at the party in Taiwan. Back in December, Foxconn's business partner Masayoshi Son, head of Japan's SoftBank which owns Sprint, has had a chat with Terry Gou before he met with Donald Trump, and promised another $50 billion of investments in the US.

Apple's CEO Tim Cook and other tech execs also met with President Trump before he swore into office, and part of the talks rotated around his pledge to "buy American, hire American," luring the companies with potential tax breaks and other incentives if they bring some of their manufacturing back in the US. Apple is said to release an OLED iPhone 8 this year, and will reportedly source the bulk of the panels needed from Samsung, but is looking into procuring its own supply further down the road. Thus, Foxconn's rumored $7 billion screen facility would jibe nicely with Trump's campaign promise to bring manufacturing back to America, and get Apple off the administration's crosshairs for the foreseeable future.

source: Reuters

FEATURED VIDEO

11 Comments

1. raerae unregistered

So that they can double the price of the iPhones. Great!

5. Unordinary unregistered

look up automation. it would also cut costs having a plant here once tarrifs are fixed by God Emporer Trump. do some research. economics isnt hard

6. cmdacos

Posts: 4315; Member since: Nov 01, 2016

How does it cut costs if the displays are then shipped back to China for assembly and then shipped back to the US complete?

9. nedimko_wot

Posts: 115; Member since: Oct 01, 2016

trump will probably issue some orders to limit ai in factories becouse of promises of jobs

2. wando77

Posts: 1168; Member since: Aug 23, 2012

All the guys in the east have to do is deny them a supply of all the crystals (or whatever it is) to make the screens. Thought all that stuff only came from mines out their way. Trump making out like America doesn't need them but the dumb blonde is too stupid to realise that.

8. cmdacos

Posts: 4315; Member since: Nov 01, 2016

The dumb blonde is too stupid yet you think glass is made of crystals...

3. scarface21173

Posts: 702; Member since: Aug 17, 2014

Well done trump, been in the job 5 mins and you are possibly creating 50000 jobs in the US. Hats off to you.

7. cmdacos

Posts: 4315; Member since: Nov 01, 2016

These are robotic jobs mainly.

4. ibend

Posts: 6747; Member since: Sep 30, 2014

checked this article and the source, foxcon CEO didnt say "to supply Apple," like in your headline.. and whats more? the word "apple" only mentioned once in the source link, and it's not about building in US or even supplying display

10. ramkumar1337

Posts: 9; Member since: Oct 08, 2015

whatever said and done have to hand it to trump, even before he starting his office investments are coming back to America, which would surely create jobs.

11. dmitrilp_

Posts: 330; Member since: Sep 12, 2016

Thanks to Trump!

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.