Chinese manufacturing giant Foxconn is considering investing $7 billion to build a new factory in the US assembling flat panel screens. Reports from The Wall Street Journal and the Nikkei Asian Review say Foxconn chairman Terry Gou discussed the plans at a company event this weekend, speculating that the factory could create 30,000 to 50,000 new jobs. Foxconn has been considering building such a facility in the US since 2014, and Gou said if the company were to make the move now, it would need substantial incentives from the government in the form of access to cheap land and power.

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