TAIPEI – Taiwan’s tech giant Foxconn confirmed Wednesday it is in “preliminary discussions” over a new US investment after President-elect Donald Trump announced a $50 billion deal with Japan’s SoftBank that would also involve the firm.
Foxconn, the world’s largest contract electronics maker who assembles products for international brands such as Apple and Sony, confirmed in a statement it is “in preliminary discussions regarding a potential investment” that would expand its current US operations, although the scope has not been determined.
“We will announce the details of any plans following the completion of direct discussions between our leadership and the relevant US officials. Those plans would be made based on mutually-agreed terms,” the statement said.
Foxconn also has a plant in Virginia which employs over 400 people, as well as other operations in more than 10 countries including Vietnam, Brazil and Mexico.