Foxconn confirms US investment
 

New robot plants in US

Foxconn has announced an investment project, the Flying Eagle, in the US which will feature Robotic plants and other projects.

The outfit which got rich by running factories in China using mass cheap labour, is changing tactics, as Chinese labour is not cheap any more.

Foxconn chairman Terry Gou said the the plan will be approved by the third quarter, and Foxconn is evaluating suitable locations for its new plants. Potential candidates are Ohio, Pennsylvania, Michigan, Illinois, Wisconsin, Indiana and Texas.

Gou expects "the Flying Eagle" project to grow in scale and contribute a major portion of Foxconn’s revenues.

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