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Title: Foxconn CEO says investment for display plant in U.S. would exceed $7 billion
Source: [None]
URL Source: https://www.yahoo.com/tech/foxconn- ... exceed-120029682--finance.html
Published: Jan 23, 2017
Author: jj
Post Date: 2017-01-23 10:32:59 by HAPPY2BME-4UM
Keywords: None
Views: 7

TAIPEI (Reuters) - Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday.

Gou said that Foxconn, formally known as Hon Hai Precision Industry Co <2317.TW>, had been considering such a move for years but the issue came up when Foxconn business partner Masayoshi Son, head of Japan's SoftBank Group Corp <9984.T>, talked to Gou before a December meeting Son had with Trump.

As a result of the meeting, Son pledged a $50 billion of investment in the United States and inadvertently disclosed information showing Foxconn's logo and an unspecified additional $7 billion investment. At the time, Foxconn issued a brief statement saying it was in preliminary discussions to expand its U.S. operations, without elaborating.

https://www.yahoo.com/tech/foxconn-ceo-says-investment-display-plant-u-exceed-120029682--finance.html

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