MOEA calls for more investment from Foxconn in Taiwan

Foxconn, which has announced a $10 billion investment in Wisconsin, has been hailed by President Trump as “one of the truly great companies of the world.”

Taiwan News
Date: 2017/07/31
By: Juvina Lai, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Ever since Foxconn, also known as Hon Hai Precision Industry, announced a US$10 billion investment in Wisconsin, it has pretty much been the talk of the town.

Even US President Donald Trump hailed Foxconn as “one of the truly great companies in the world.”

The ROC Ministry of Economic Affairs (MOEA) said that cross-border corporate investment is the best business model, but it had also hoped that Taiwan would in some way remain beneficial from such deals. Analysts believe that the impact would be minimal and in fact could be beneficial for domestic component groups.

Foxconn’s decision to invest US$10 billion in the United States involves plans to spend the money over the next four years, which would create a high-end LCD display panel plant.    [FULL  STORY]

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