Apple supplier Foxconn could create 50,000 jobs in U.S.

The two ways companies are responding to Trump

One of Apple’s biggest suppliers says the item may spend more than $7 billion to build a brand new factory on U.S. soil in which would certainly create tens of thousands of jobs.

Foxconn is usually famous for its enormous iPhone assembly plants in China. Its potential investment within the U.S. came to light last month when Softbank (SFTBF) CEO Masayoshi Son was photographed leaving a meeting with Donald Trump. Son was holding a document suggesting Foxconn could create 50,000 jobs.

Over the weekend, Foxconn’s billionaire chairman, Terry Gou, filled in some of the gaps within the plan.

He told reporters in which the plan to build a plant for displays was still very tentative, yet if the item went ahead the investment would certainly exceed $7 billion along with could create 30,000 to 50,000 jobs, according to news reports.

Gou singled out Pennsylvania as a possible location, adding in which the investment would certainly depend on Foxconn being able to negotiate Great rates for land along with power.

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Softbank CEO Son leaving a meeting with Trump in December.

Foxconn, which is usually based in Taiwan, said the item was “conducting an evaluation of the conditions along with potential locations for establishing manufacturing facilities within the U.S.” yet declined to elaborate on the reports.

“While the item is usually not currently possible to confirm the location for in which potential investment or estimate the number of jobs in which might be created, the item is usually expected in which the item would certainly create many direct along with indirect job opportunities with the brand new operation along with throughout the supply chain within the U.S.,” the company said.

Related: SoftBank’s $50 billion pledge to Trump just got more complicated

Softbank’s Son made his own pledge after the December meeting with Trump to invest $50 billion in U.S. startups along with create 50,000 jobs. Much of the money is usually required to come through a fund SoftBank has already set up with Saudi Arabia.

Gou said he’d spoken to Son before in which meeting along with thought the item was a private conversation — yet then his plan was revealed to the globe.

“There is usually such a plan, yet the item is usually not a promise. the item is usually a wish,” Gou said, according to Reuters. He said Foxconn had been considering such a move for years, indicating the item was not a direct response to Trump’s call for companies to make more products inside the U.S.

Gou said the display plant would certainly involve Sharp, a Japanese company in which Foxconn took over last year.

According to Japanese publication Nikkei, Gou also said in which Apple (AAPL, Tech30) is usually willing to invest within the brand new plant. An Apple spokeswoman didn’t respond to a request for comment.

Apple supplier Foxconn could create 50,000 jobs in U.S.

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