Apple, Foxconn reportedly considering a $7 billion U.S. facility

Taiwan-based Apple supplier, Foxconn, is reportedly considering a joint investment with Apple for more than$7 billion for an automated display facility in the United States. The production site would eventually create 30,000 to 50,000 jobs, CEO Terry Gou told the press, according to Nikkei.

While American manufacturing is typically more expensive, he claimed that growing demand for larger display panels made U.S. production a better option than importing parts from China. In addition to the proposed display facility, Gou said Foxconn plans a new molding facility in the U.S., with the state of Pennsylvania a possible site following investment discussions with local officials.