Monday, November 25, 2013
Taiwan-based Foxconn Group 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, Guo said.
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, Guo said. 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.
By: DocMemory
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