Taiwanese technology company Foxconn (FXCOF) , which makes iPhones for Apple Inc. (AAPL) , is reportedly set to unveil plans to open a multibillion dollar research and development plant in Michigan, the South China Morning Post reported.
The plant will focus on autonomous vehicles, Foxconn founder Terry Gou said. "Automotive development in the U.S. is still more advanced than China," Gou noted. The company will also explore opportunities in artificial intelligence and deep learning technology.
Foxconn, which is the world's largest contract manufacturer of consumer electronics, announced plans for the Michigan facility almost two weeks after it said it was opening a $10 billion plant in Wisconsin that could create up to 13,000 jobs.
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