Foxconn to invest US$40 million in Pennsylvania

13th December 2013 | By Mouseworld Now Correspondent |

New Delhi, India, December 13, 2013: Foxconn, world’s leading manufacturer of computer components and systems, will invest US$40 million in Pennsylvania, the US, over two years, according to group president Terry Guo.

“The investment is in line with the US government’s Advanced Manufacturing in America policy. Foxconn will invest US$30 million in Foxconn East America, a subsidiary based in Harrisburg, to expand an existing R&D team to set up an advanced manufacturing facility for high value-added products for applications including automobiles, medical care and environmental production, Terry Guo added that the expansion will recruit about 500 employees.”

In addition, Foxconn will invest US$10 million in Carnegie Melon University in Pittsburgh specifically for R&D on robotic industrial automation.

 

© Mouseworld Now News Service

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