Previously, it was reported that thanks to a series of tax incentives that have been contested as US President Trump, Foxconn is considering establishing an LCD panel plant in the United States, and the scale will be the same as that announced in Guangzhou at the end of last year. Recently, Japanese media reported that Foxconn may set up a plant in the United States this year, with an investment of up to US$7 billion, and the fastest construction will begin in the middle of this year. 
Foxconn builds its factory in the fastest year in the United States
Since the acquisition of Japanese TV giant Sharp, Foxconn has made frequent moves in the past two years. It will first construct the world's largest LCD panel factory in Guangzhou with an investment of nearly US$9 billion. Soon, it also announced that it will invest US$7 billion in the United States to build an LCD panel plant. Foxconn also said that it will help Sharp to mass produce OLED screens and thus compete for orders from Apple. Not only that, Sharp TV turned a profit in the third quarter of 2016, and it doubled the target production of Sharp TV in 2017, setting a sales target of 10 million units.
In the US market, Sharp hopes to negotiate with Hisense to regain Sharp's right to use in the North American market. In addition, it will also lay out the panel factory in the US market. It will exert its efforts in manufacturing, sales, and brand card slots to occupy the market initiative. However, it is understood that, at present, Hisense does not intend to let go of the use of the Sharp brand right to Hon Hai, and it is estimated that the two parties will still be in confrontation and negotiations.
However, Terry Gou said that the current business in China will not be affected by the increase in investment in the United States, and will continue to increase investment in the Chinese market. Investing in the U.S. market is mainly to work with the big customer Apple to serve the local market and respond to Trump’s “Made in America†policy, instead of putting all the business into the United States.
In the US market, Sharp hopes to negotiate with Hisense to regain Sharp's right to use in the North American market. In addition, it will also lay out the panel factory in the US market. It will exert its efforts in manufacturing, sales, and brand card slots to occupy the market initiative. However, it is understood that, at present, Hisense does not intend to let go of the use of the Sharp brand right to Hon Hai, and it is estimated that the two parties will still be in confrontation and negotiations.
However, Terry Gou said that the current business in China will not be affected by the increase in investment in the United States, and will continue to increase investment in the Chinese market. Investing in the U.S. market is mainly to work with the big customer Apple to serve the local market and respond to Trump’s “Made in America†policy, instead of putting all the business into the United States.
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