Apple Supplier Foxconn to Invest Millions in Pennsylvania
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Foxconn Technology Group, the Taipei-based maker of Apple Inc.’s iPhone, plans to invest $40 million in Pennsylvania to develop robotics, joining other manufacturers seeking to build products in the U.S.
Foxconn flagship company Hon Hai Precision Industry Co. will invest $30 million over two years to build a high-tech manufacturing facility for goods including components for telecommunications equipment and Internet servers, said Terry Gou, the founder and chairman of Foxconn. It will also fund $10 million worth of research and development at Pittsburgh’s Carnegie Mellon University, he said at an event in Washington yesterday.