Foxconn, the world's largest contract electronics maker, says it's looking at six U.S. states as locations for a display-making plant and will make a decision next month. As David Pollard reports, the firm - formally known as Hon Hai Precision Industry - also says it will continue to pursue an acquisition of Toshiba's chip business.
This is Ohio. In rust belt states like this the stakes were highest in last November's US election. If - seven months later - cynics say they're not yet winners under Donald Trump. Now, Foxconn and its Japanese unit Sharp are taking a spin at the wheel. Announcing they're considering locations in six US states - all thought to be in regions of industrial decline - for a new plant. (SOUNDBITE) (Mandarin) FOXCONN CHIEF EXECUTIVE TERRY GOU SAYING: "This time we go to America, it's not just to build a factory, but to move our entire supply chain there." A promise worth potentially ten billion dollars - from a company with a reputation for scale. Also known as Hon Hai Precision, the Taiwanese firm also has vast factory complexes in China - where alone it employs a million people - and manufactures most of Apple's iPhones. It hasn't yet invested heavily in the US. But says the incentives are there. (SOUNDBITE) (Mandarin) FOXCONN CHIEF EXECUTIVE TERRY GOU SAYING: "The U.S. state governors' sincerity and confidence to attract investment, the executive power in their policies to return manufacturing to the U.S., has been beyond my imagination," A decision will be made in July. While in the meantime, it says it will continue to pursue its other ambition - the acquisition of Toshiba's chip business.