1. VOA Standard English
  2. VOA Standard English Archives
  1. Technology Report
  2. This is America
  3. Science in the News
  4. Health Report
  5. Education Report
  6. Economics Report
  7. American Mosaic
  8. In the News
  9. American Stories
  10. Words And Their Stories
  11. Trending Today
  12. AS IT IS
  13. Everyday Grammar
  14. America's National Parks
  15. America's Presidents
  16. Agriculture Report
  17. Explorations
  18. The Making of a Nation
  19. People in America
  1. Learning English Videos
  2. English in a Minute
  3. English @ the Movies
  4. News Words
  5. Everyday Grammar TV
  1. Bilingual News
  2. English in a Minute
  3. Learn A Word
  4. How to Say it
  5. Business Etiquette
  6. Words And Idioms
  7. American English Mosaic
  8. Popular American
  9. Sports English
  10. Go English
  11. Wordmaster
  12. American Cafe
  13. Intermediate American Enlish

Foxconn May Spend Over $10 Billion in US Expansion


25 June, 2017

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.

Manufacturing Giant

Foxconn is the biggest contract manufacturer for smartphones. It makes products for Apple, Sony, Blackberry and other companies.

FILE - An assembly line in a Foxconn plant.
FILE - An assembly line in a Foxconn plant.

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.

Joe McDonald and Johnson Lai wrote this story for AP. John Russell adapted it for Learning English. Caty Weaver was the editor.

We want to hear from you. Write to us in the Comments Section.

________________________________________________________________

Words in This Story

display panel – n. a part of an electronic device (such as a computer monitor) that shows information

contract - n. legal agreement between companies, people, etc..

smartphone – n. a mobile telephone that can be used to send and receive e-mail, connect to the Internet, take photographs, etc.

artificial intelligence – n. an area of computer science that deals with giving machines the ability to seem like they have human intelligence

automation – n. running or operating (something, such as a factory or system) by using machines, computers, etc., instead of people to do the work

opportunity - n. a situation in which something can be done

mr007