tim cook foxconn

Foxconn is reportedly toying with the idea of building a factory in the United States that would create between 30,000 and 50,000 US jobs, The Wall Street Journal said on Monday. The company is best known for making Apple products, and while President Donald Trump has asked Apple to build iPhones in the US, Foxconn's factory may be used for something else.

The Wall Street Journal said Foxconn wants to build "flat panel screens" in the US, which it will likely use in other products, perhaps even in iPhones. Foxconn acquired Sharp last year and Apple has long used Sharp's IGZO displays in products such as the iPad. The Wall Street Journal said Foxconn's US investment would be in the range of $7 billion. The deal will hinge on whether or not the US can attract Foxconn.

Pennsylvania factory

"If U.S. state governments are willing to provide these terms, and we calculate and it is cheaper than shipping from China or Japan, then why wouldn't Sharp build a factory in the U.S.?" Foxconn chairman Terry Gou said. The Wall Street Journal said his terms include affordable power and land.

Foxconn said if it does ultimately build a display plant in the United States, that it's currently looking at Pennsylvania as the primary location.