04/02/2012 12:57 pm ET

Foxconn Plans Iowa Plant

After a highly visible meeting with Apple CEO Tim Cook, Foxconn’s founder Terry Gou announced plans to open a sprawling Foxconn factory in Guthrie Center, Iowa, essentially replacing the approximately 2,000 residents of that small town with workers from in and around Iowa. The company will hire 300,000 employees for the new factory, about 10% of Iowa’s population.

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