Apple supplier Foxconn today announced plans to invest $10 billion in the United States, which will go towards building a new factory in Wisconsin that will employ 3,000 or more workers.
Foxconn is sharing the news at an event at the White House on Wednesday afternoon, says Recode.
The upcoming factory will produce large LCD displays that are meant to be used in televisions and other similarly sized electronics, but Foxconn chairman Terry Gou has said Apple is willing to invest in the factory, so it could be expanded to smaller displays in the future.
According to the Trump administration, the factory could grow to employ as many as 13,000 workers, [...]
Earlier in July, a report by The Korea Herald suggested that Apple and supplier LG Display were working on a deal that would see Apple investing $1.75-2.62 billion into LG Display’s OLED manufacturing, specifically a plant that would be exclusively devoted to Apple orders. Today, Reuters has provided a few more details on LG Display’s plans to enter the OLED display market for smartphones, which rival Samsung Display currently dominates.
In total, LG Display plans to invest $13.5 billion into boosting its output of OLED screens over the next three years, covering TV screens and specifically hoping to „make inroads against rival Samsung in smartphone [...]
Taiwanese electronics manufacturer Foxconn is nearing a decision to invest in Wisconsin, and could hold an event in Washington, D.C. as soon as this week to discuss its U.S. investment plans, according to The Wall Street Journal.
Foxconn is one of Apple’s primary iPhone assemblers in China, but in Wisconsin, the company is initially looking at producing display panels that can be used in large-screen electronics like televisions, according to the report.
The report, citing two people allegedly familiar with the plans, said Foxconn is also looking in the Detroit area for a possible factory.
Last month, Foxconn chairman Terry Gou confirmed that [...]
Samsung Display is planning to construct the world’s biggest OLED display manufacturing plant, with more than 30 percent higher production capacity than the company’s current biggest factory, according to Korean website ETNews.
„iPhone 8“ mockup designed by Benjamin Geskin for iDrop News The report, citing unnamed industry sources, suggests the tentatively named A5 factory could begin mass production in 2019, with a peak yield of between 180,000 and 270,000 display panels per month.
Samsung Display has reportedly also been expanding its existing A3 plant since the second half of 2015 in order to fulfill demand for OLED displays from both its [...]