Sharp will invest 7 billion USD for construction of a plant in USA

SharpThe Japanese manufacturer of displays Sharp will invest 7 billion USD for the construction of a plant in the US. The construction of the facility will likely begin in the first half of this year within the project, originally announced by parent company Foxconn.

The chief executive of the largest producer of IT products last month announced that the company intends to invest about 7 billion USD to build a plant for displays in the US. Then, however, they were not given details of any period of time.

Foxconn’s decision to lead by Sharp comes amid journey Abe to the US, which is preparing.

The Prime Minister of the Asian country due to meet with US President Donald Trump. During his visit, Abe will submit plans for investment in the country, which will create 700,000 US jobs.