Foxconn Chairman back to the White House
Foxconn (2354.TT) Chairman Terry Gou returned to the US White House for a 2nd brief meeting with President Trump and announced (again) that the company is planning to significantly increase its investment in the US. Foxconn, Apple’s (AAPL) largest assembly partner, indicated that “We plan to invest in a number of programs that will include capital - intensive and skilled labor - intensive, as well as high - tech investments… we will send a message from (sic) the White House after we have chosen the place.” And other company officials stated they were currently actively evaluating the conditions and possible locations for the establishment of manufacturing facilities in the US.
While Gou had only a brief meeting with President Trump, he met with While House Innovations Director and Presidential son-in-law, Jared Kushner and staff, and while no formal decisions have been made, Gou said, “I have not yet decided that I will tell you in the summer, maybe in a few weeks” and mentioned that it is not yet possible to disclose the timetable for investing in the United States, as it depends on a number of factors, such as progress in negotiating investment conditions with Federal and state levels (read, “what will you give us?”)
While Gou had only a brief meeting with President Trump, he met with While House Innovations Director and Presidential son-in-law, Jared Kushner and staff, and while no formal decisions have been made, Gou said, “I have not yet decided that I will tell you in the summer, maybe in a few weeks” and mentioned that it is not yet possible to disclose the timetable for investing in the United States, as it depends on a number of factors, such as progress in negotiating investment conditions with Federal and state levels (read, “what will you give us?”)
RSS Feed