Business Standard

Tuesday, January 07, 2025 | 08:23 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Foxconn's Gou plans US investments after visits to White House

Trump is seeking to lure additional overseas investments into US

Foxconn’s Gou plans US investments after visits to White House
Premium

The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei. Photo: Reuters

Adela Lin | Bloomberg
Foxconn Technology, the maker of Apple’s iPhones, said it aims to significantly increase investments in the US to expand operations, making the vow after Chairman Terry Gou visited the White House over consecutive days to discuss the plans.

“We can confirm that we are engaged in discussions with officials at various levels of government regarding our ongoing plans to significantly increase our investments,” Foxconn said in a statement, after Gou visited the White House for talks on Thursday and Friday. The statement, which was dated April 28, didn’t clarify whether Gou met President Donald Trump.

The plan, if it materialises, would mark

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in