Foxconn in investment talks with US govt

Taiwanese electronics giant Foxconn, maker of Apple iPhones, says it's looking to expand in the US.

A view of the logo on the Hon Hai Foxconn plant in Taiwan

Taiwanese electronics giant Foxconn, maker of Apple iPhones, says it's looking to expand in the US. (AAP)

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.


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world