Taiwan-based iPhone manufacturer Foxconn is said to be considering pouring as much as $7 billion into a massive expansion of its operations in the United States, looking to create 50,000 jobs within the country in the next four years, Reuters reported Wednesday.
Foxconn is reportedly looking to build a collection of U.S.-based assembly plants.
The company has confirmed being in preliminary discussions regarding expansion of its U.S. operations. CNBC earlier posted a slide which pegs the investment at $7 billion.