Business and Industry

Foxconn Reportedly Considering Plants in US

Would manufacture LCD TVs

|

Far-fetched? Um, yeah. But Foxconn reportedly is thinking of expanding its operation to the U.S.

Famous as the company that makes iPhones for Apple, China's Foxconn is now evaluating a few U.S. cities, including Detroit and Los Angeles, to determine whether they would be good places to set up shop, Digitimes is reporting today, citing so-called "market watchers."

It should be noted that it's not clear who these market watchers are or why they would have knowledge of Foxconn's plans. Beyond that, the company has been able to establish itself as a leading producer of goods in large part by capitalizing on the cheap wages that workers in China command. By coming to the U.S., Foxconn would effectively change its business model.