Foxconn announces $10 billion ‘Flying Eagle Plan’ to move plants to US

Foxconn Technology Group chairman and CEO, Terry Gou announced yesterday at the annual shareholder’s meeting plans to spend over US$10 billion on American expansion projects come August. The American investment scheme, dubbed the “Flying Eagle Plan”, will potentially move Foxconn’s display production plants to the U.S. Factories and offices will be constructed in a minimum of…