Apple Assembler Foxconn Confirms Plans for U.S. Investment
- Taiwan-based Foxconn did not give details of the plan
- Announcement follows SoftBank’s $50 billion investment
SoftBank to Invest $50B in the U.S.
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Foxconn Technology Group, the biggest assembler of Apple Inc. devices, is in preliminary discussions to make an investment that would expand the company’s U.S. operations.
The disclosure came hours after an announcement by U.S. President-elect Donald Trump and SoftBank Group Corp.’s Masayoshi Son to invest $50 billion in the U.S. and create 50,000 jobs. The money will come from SoftBank’s $100 billion technology fund, which was announced in October, a person familiar with the matter said. A document that Son held up after the meeting in Trump Tower also included the words “Foxconn,” “$7 billion” and “50,000 new jobs” alongside SoftBank’s numbers.