Foxconn in investment talks with US govt
Taiwanese electronics giant Foxconn, maker of Apple iPhones, has announced it’s in talks with the United States government to boost investment there.
The world’s largest maker of electronic products for international brands, said in a statement that it was studying a major expansion in the US.
Foxconn Technology Group thanked the White House’s Office of American Innovation, created by President Donald Trump and directed by Jared Kushner, for its efforts to pave the way for the company’s negotiations with the US government.
This statement follows a two-day visit by Foxconn President Terry Gou to the White House.
Gou told the media Hon Hai planned to make a “capital intensive investment” in the US market.
“We are planning a series of investments in America. This project will include capital intensive investment and skilled labour and high technology,” Gou said.
Media in Taiwan say Gou, accompanied by a delegation including Foxconn vice-president Tai Jeng-wu visited the White House and met with Trump.
Foxconn, in late January, said if its customers like Apple co-operate, it could make investments in the US worth more than $US7 billion ($A9.3 billion).
The Taiwanese company has manufacturing facilities in China with more than one million employees.