Foxconn Planning Investment in the US

[Maura]

Reuters reports that Apple’s manufacturing partner Foxconn is planning significant investment in the US. Foxconn’s chairman, Terry Gou, made the announcement when he left the White House after a meeting on Friday, saying, “We are planning a number of investments in America. This project will include both capital-intensive and skilled-labour-intensive and high-tech investment.” Gou would not be drawn on whether or not he had met personally with President Trump. “I don’t want to say yes or not. After we select the location, the White House will make an announcement.”

As far as how much money Foxconn is planning to invest, Gou said, “We are still not final yet. I think we will share with you in the summer, maybe a few weeks.”

Reuters says that Foxconn has been planning to invest in the US for some time. The company also issued the following official statement following Gou’s visit to the White House.

“We can confirm that we are engaged in discussions with officials at various levels of government regarding our ongoing plans to significantly increase our investments in the United States.”

Source: Foxconn plans 'capital-intensive' U.S. investment-Chairman Gou