Reports: Apple, Foxconn considering a $7 billion manufacturing plant in the U.S.

Apple is reportedly considering moving some of its iPhone production to the United States. Taiwanese iPhone producer Foxconn is considering a $7 billion joint investment in a display production facility, the company’s chairman told reporters.

According to the Nikkei Asian Review, Foxconn Chairman Terry Gou said “Apple is willing to invest in the facility together” because it needs display panels for its products. The plant could create 30,000 to 50,000 jobs.

But Gou said U.S.-made iPhones would likely cost more than those produced at Foxconn’s Zhengzhou, China facility, which churns out more than 100 million iPhones per year.

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