Terry Gou told reporters the investment might exceed $7bn (£5.7bn).

The investment by a major supplier of Apple Inc would be likely to generate thousands of jobs, if it goes ahead.

The plans come after US President Donald Trump confirmed his “America First” agenda meant overturning international trade treaties.

During his campaign, and since his election, Mr Trump had repeatedly threatened high import tariffs in order to encourage US and foreign companies to move production to the US.

He singled out China as a significant cause of lost manufacturing jobs in the United States.

Foxconn – formally known as Hon Hai Precision – has most of its factories in China where it assembles Apple’s iPhones.

Last year, the firm took over Japanese electronics veteran Sharp and the display-making investment being considered in the US is thought to be under the new Sharp unit.

The White House website, updated after President Trump’s inauguration, makes clear that the new administration will pursue plans to alter trading relationships with Asian countries.

President Trump has also announced he will be renegotiating the North American Free Trade Agreement (Nafta) with Canada and Mexico.

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Source: BBC

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At the start of 2016, single coins were only worth around $435 but their value has climbed steadily all year.

The steady upward progress has continued despite regular hack attacks on virtual currency exchanges in which coins have been stolen.

Experts said the rise in value was linked to the long-term depreciation of the Chinese Yuan.

Stolen coins

The Chinese currency has dropped about 7% in value during 2016, said Reuters. The majority of Bitcoin currency trading takes place in China as it allows people to skirt restrictive local laws that limit how much money Chinese people can swap.

Charles Hayter, founder of the Cryptocompare website that watches virtual currencies, said global political uncertainty and Indian moves to control paper currency were also driving people to buy Bitcoins.

If those trends continued, he told Reuters, many more people may be tempted to buy Bitcoins as they could be seen as a “flight to safety”.

Hackers have also been tempted by the rising value of the virtual coins. In August Hong Kong-based digital currency exchange Bitfinex suffered a major hack attack in which bitcoins worth $65m were thought to be taken.

Bitcoin values dropped about 10% when the news of the hack attack was made public

The virtual currency has yet to reach the heights it managed in late 2013 when each coin was worth more than $1,000. The total value of all bitcoins in circulation has now surpassed $14bn.

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Source: BBC

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