Beijing voices concern over Hon Hai U.S. investment plan: report

Focus Taiwan
Date: 2017/01/17
By: Chung Jung-feng and Y.F. Low

Taipei, Jan. 17 (CNA) Beijing has conveyed its concern to Hon Hai Group Chairman

CNA file photo

Terry Gou (郭台銘) over the company’s plan to increase investment in the United States, an international media outlet reported on Tuesday.

Gou informed the Chinese side that he did not plan to withdraw capital from China, adding that the U.S. investment plan has not been finalized and is dependent on the policies of the incoming administration of U.S. President-elect Donald Trump, according to Bloomberg News.

Hon Hai, an assembler of iPhones and iPads, known as Foxconn outside Taiwan, did not comment on the report.

In early December, Hon Hai said it was in preliminary discussions to expand its U.S. operations, after Japan’s SoftBank Group CEO Masayoshi Son showed a document following a meeting with Trump that indicated Hon Hai has plans to invest US$7 billion and create 50,000 jobs in the United States over the next four years.   [FULL  STORY]

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