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Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

Staff Writer |
Foxconn plans to set up a display plant in the U.S. in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said.

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The plans, which would be carried out with its unit Sharp, still depend on many factors such as investment conditions that would have to be negotiated at the U.S. state and federal levels, Gou told reporters.

The plans come as U.S. President Donald Trump pledged to put "America First" in his inauguration speech, reinforcing concerns of a U.S. protectionist agenda that has cast a cloud over the outlook for global trade.

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