Hon Hai invests nearly US$9 bil. in China plant; US prospects less clear

The China Post
Date: January 1, 2017

BEIJING — Taiwan tech-giant Hon Hai (also known as Foxconn) plans to build an US$8.8 billion factory in China, state media said Saturday, amid reports its billionaire boss is cooling off on future U.S. investments.

Hon Hai, a major Apple supplier, will spend the vast sum on an industrial complex in the sprawling southern city of Guangzhou.

The factory will make large-screen liquid crystal displays (LCD), the firm said at an event in the Chinese city on Friday. It will be operational by 2019.

“We have in China a government that knows how to be efficient and supports new technology,” said Hon Hai President Terry Gou in an interview with China’s 21st Century Business.

“As to whether we’ll invest in the U.S. in the future I’ve no idea. As a matter of fact, the new administration isn’t in office and its new policies aren’t in place,” Gou added.    [FULL  STORY]

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