Foxconn confirms ‘preliminary’ talks for US expansion
Apple supplier Foxconn said it’s in preliminary talks to expand in the US, following January calls from President-elect Donald Trump for Apple to bring its manufacturing to the US.
“We can confirm that we are in preliminary discussions regarding a potential investment that would represent an expansion of our current US operations,” Foxconn told the Wall Street Journal.
The size of Foxonn’s potential expansion is unknown. It’s also not clear if Foxconn would shift some of its gadget manufacturing to the US or if its robotics and health care sectors would come overseas.
In January, then-candidate Trump said: “We’re going to get Apple to build their damn computers and things in this country instead of in other countries.” Following the election, Trump claimed he spoke with Apple CEO Tim Cook, who offered him congratulations.
Foxconn mulled a US expansion in 2014 with full-scale factories. It would allow the gadget-maker to be closer to suppliers including Corning and Applied Materials.
Earlier this week, Trump and SoftBank’s Masayoshi Son announced plans for the Japan-based telecom to invest $50 billion in the US and create 50,000 jobs.