On August 2nd, CNBC reported that US President Donald Trump mentioned during a press conference that Foxconn Chairman Terry Gou had privately informed him about the company's plan to invest $30 billion in a new U.S. plant. This amount is significantly higher than Foxconn’s earlier commitments.
The announcement came during a small-scale business event hosted by the White House. Trump shared the details, saying, “He (Terry Gou) told me he might invest $30 billion. But this is something he shared with me privately, so I promised not to disclose it.â€
Last week, Foxconn announced its intention to invest $10 billion in building an advanced factory in Wisconsin, which is expected to create around 3,000 jobs. Additionally, negotiations are ongoing regarding another, even larger production facility.
Foxconn has been known for manufacturing components for Apple products like iPhones and could potentially expand its U.S. operations to include screens for cars, healthcare equipment, and other devices. However, when contacted by CNBC for confirmation, a Foxconn spokesperson did not respond.
This latest development marks a significant step forward in Foxconn’s strategy to deepen its presence in the United States. While the initial investment in Wisconsin was seen as a major move, the proposed $30 billion expansion highlights the company’s ambition to play a more prominent role in American manufacturing. This could have substantial implications for the U.S. economy, creating jobs and boosting technological innovation across various sectors.
As the world watches these developments unfold, the impact of such investments on both Foxconn and the broader U.S. industrial landscape remains to be seen. Some analysts believe this could lead to increased competition among tech giants, while others see it as a potential catalyst for reshaping global supply chains. Whatever the outcome, this announcement underscores the growing importance of U.S.-Taiwanese economic ties in the context of global trade dynamics.
YIWU JUHE TRADING COMPANY , https://www.nx-vapes.com