Taiwan’s Foxconn chief confirms mulling $7b US investment

AFP, TAIPEI: The head of Taiwan's tech giant Foxconn confirmed yesterday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japan's SoftBank.
US President Donald Trump announced before taking office a $50 billion deal by the two firms which he said would bring 50,000 jobs. Trump was speaking in the lobby of Trump Tower 
in New York alongside SoftBank's chief executive Masayoshi Son.
Foxconn, a major supplier to Apple, had earlier said it was in "preliminary discussions" with US officials about a potential investment but gave no details.
"I have discussed with my major clients about going to (the US) and they are also willing to invest, including Apple," Terry Gou told reporters in Taipei after the company's year-end party.
The firm is the world's largest contract electronics maker and is best-known for assembling products for international brands such as Apple and Sony.
"Pennsylvania is active and I urge other states to act more quickly or I will sign the contract with Pennsylvania," he said, adding that the investment could create 30,000-50,000 jobs.
Foxconn is still waiting to see the tax policies of the new US government and what incentives state authorities can offer, such as cheap land and electricity, Gou added. Foxconn, also known as Hon Hai, employs around a million workers at its factories across China and has operations in more than 10 countries. Last year it took over the struggling Japanese electronics maker Sharp after acquiring a 66 percent stake for $3.7 billion in a move Gou described as "really worth it."

Taiwans Foxconn chief confirms mulling $7b US investment

AFP, TAIPEI: The head of Taiwans tech giant Foxconn confirmed yesterday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japans SoftBank. US President Donald Trump announced before taking office a $50 billion deal by the two firms which he said would bring 50,000 jobs. Trump was speaking in the lobby of Trump Tower in New York alongside SoftBanks chief executive Masayoshi Son. Foxconn, a major supplier to Apple, had earlier said it was in preliminary discussions with US officials about a potential investment but gave no details. I have discussed with my major clients about going to (the US) and they are also willing to invest, including Apple, Terry Gou told reporters in Taipei after the companys year-end party. The firm is the worlds largest contract electronics maker and is best-known for assembling products for international brands such as Apple and Sony. Pennsylvania is active and I urge other states to act more quickly or I will sign the contract with Pennsylvania, he said, adding that the investment could create 30,000-50,000 jobs. Foxconn is still waiting to see the tax policies of the new US government and what incentives state authorities can offer, such as cheap land and electricity, Gou added. Foxconn, also known as Hon Hai, employs around a million workers at its factories across China and has operations in more than 10 countries. Last year it took over the struggling Japanese electronics maker Sharp after acquiring a 66 percent stake for $3.7 billion in a move Gou described as really worth it.