UPDATE 1-Foxconn eyes factories in US, Indonesia in ambitious growth plans

Sun Jan 26, 2014 9:44pm EST
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* Chairman Gou says U.S. 'must-go market' for Apple supplier

* Indonesia investment 'a top priority' - Gou

* Sees annual revenue surge to $333 bln with 10 years

By Faith Hung

TAIPEI, Jan 27 (Reuters) - Taiwan's Foxconn Technology Group, the major supplier of Apple Inc's iPhone and iPad products, said it's considering expanding manufacturing to the United States in a move that could open up new prospects for business with Apple.

Chairman Terry Gou also said Indonesia will be a top priority for investment this year. That would tie in with Foxconn's deal to design and market phones in the country with BlackBerry Ltd as the Canadian company seeks to reverse its decline in the smartphone business.

"The U.S. is a must-go market," said Gou, speaking at the group's annual year-end party on Sunday. He said many customers and partners hope Foxconn, the world's largest contract manufacturer of electronic goods, will set up manufacturing facilities in the U.S.

Foxconn's ambitious growth plans could see it lift annual revenue to T$10 trillion ($333 billion) a decade from now, from T$4 trillion in 2013.

The group, which includes flagship unit Hon Hai Precision Industry Co Ltd and Foxconn Technology Co Ltd , could take advantage of geographical proximity to open up new deals with partners like Apple as they develop new gadgets.   Continued...