Foxconn plans U.S. investment; plans not final: Chairman Gou

Reuters News
Posted: Apr 28, 2017 12:59 AM

By Ayesha Rascoe

WASHINGTON (Reuters) - Foxconn, the world's largest contract electronic manufacturer and a major Apple Inc <AAPL.O> supplier, is planning an investment in the United States but has not finalized its plans, Chairman Terry Gou said as he exited the White House on Friday.

Formally known as Hon Hai Precision Industry Co <2317.TW>, Foxconn operates large manufacturing facilities in China, which is a base for its assembly of Apple's iPhones.

"We are planning a number of investments in America,” Gou told reporters waiting for him outside the White House. " ... This project will include both capital-intensive and skilled labor-intensive and high-tech investment."

Gou said in January that Foxconn was mulling setting up a display-making plant in the United States with an investment that would exceed $7 billion.

(Additional reporting by J.R. Wu in Taipei; Koh Gui Qing in New York; Ginger Gibson in Washington; Editing by Kevin Drawbaugh and Lisa Von Ahn)