Five States Considered for Foxconn $10B Investment

Terry Gou, Chairman of Taiwan's Foxconn, also known as Hon Hai, gestures during a press conference in New Taipei City on June 22, 2017. Sam Yeh/AFP/Getty Images

Foxconn, the largest contract electronics maker in the world, plans to invest $10 billion in the United States with an eye on these five states: Wisconsin, Ohio, Michigan, Pennsylvania, and North Carolina.

The final decision will come in July, the company CEO Terry Gou announced at a shareholders meeting on June 22, Reuters reported.

The investment would come in over five years in the construction of a display factory, heralding the revival of an American TV manufacturing industry virtually dead for over two decades.

Taiwanese Foxconn, whose actual business name is Hon Hai Precision Industry Co., Ltd., acquired Japanese electronics maker Sharp last year.

Sharp previously announced a plan to invest $7 billion to build a display factory in United States.

Foxconn employs a million people in China, where it manufactures an array of popular electronics. It is probably best known for manufacturing Apple products, including iPhone and iPad.

Chairman of Taiwan's Hon Hai Precision, also known as Foxconn, Terry Guo (C) and Vice Chairman Tai Jeng-wu (L) pose with President of Japan's Sharp Kozo Takahashi (R) during a press conference in Osaka, western Japan, on April 2, 2016. Sharp agreed to be bought by Taiwanese multinational Hon Hai Precision, the world's biggest electronics supplier. STR/AFP/Getty Images