BROKEN PROMISES? A report summed up plans by Hon Hai that it said turned out smaller than projected, but the firm’s founder said the numbers were unrealistic

Taipei Times
Date: Feb 19, 2019
By: Ted Chen  /  Staff reporter

Hon Hai Precision Industry Co (鴻海) chairman Terry Gou (郭台銘) yesterday took to social media to take back the narrative on the company’s track record of keeping its investment promises.

Gou on Facebook lashed out at a report by the Chinese-language Business Today (今周刊) weekly that revisited unrealized Hon Hai investment plans dating back a decade.

The article followed Hon Hai’s pullout from plans to build an LCD plant in Wisconsin that came with one of the largest corporate welfare package in US history on promises that the company would bring in billions of US dolllars of investments and create millions of jobs.

In light of the rise of social media, the company would begin to communicate its progress to the public directly to prevent the spread of misinformation about its investment projects, Gou said.
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