TAIPEI - Foxconn Technology Co., which, according to reports, is selling the former GM Assembly Plant in Lordstown to Japanese investment firm SoftBank, has now announced plans to invest $1 billion in the United States over the next decade, according to a report published on Sunday.

The Taipei Times reported that the company states the $ 1 billion investment is part of a business transformation strategy focusing on precision mold development, smart manufacturing, robotics, and advanced automation. The plan will also emphasize artificial intelligence.

Foxconn Technology said the goal is to build a flexible, intelligent production ecosystem to enhance its competitiveness and sustainability, according to the Taipei Times.

Acting president Pan Yen-Jen said in a statement that the investm

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