Foxconn, world’s leading manufacturer of computer components and systems, will invest US$40 million in Pennsylvania, the US, over two years, according to group president Terry Guo.
“The investment is in line with the US government’s Advanced Manufacturing in America policy. Foxconn will invest US$30 million in Foxconn East America, a subsidiary based in Harrisburg, to expand an existing R&D team to set up an advanced manufacturing facility for high value-added products for applications including automobiles, medical care and environmental production, Terry Guo added that the expansion will recruit about 500 employees.”
In addition, Foxconn will invest US$10 million in Carnegie Melon University in Pittsburgh specifically for R&D on robotic industrial automation.
Foxconn was established in 1974 and has grown to become the largest ODM in the world with nearly 1,000,000 employees and revenues in excess of USD 100 billion. Foxconn’s customer base includes many famous brands in computing, communications and consumer electronics, for example; Apple, Cisco, Dell, HP, Nokia and Sony. With expertise in design and manufacturing, Foxconn’s Channel Division is able to bring barebones and component products to channel customers around the globe, giving them the freedom to create their own solutions. To learn more, visit: www.foxconnchannel.com.