The chief executive of Taiwan’s technology giant Foxconn has confirmed his company is considering setting up a new plant in the United States.<\/p>\n
Terry Gou told reporters the investment might exceed $7bn (\u00a35.7bn).<\/p>\n
The investment by a major supplier of Apple Inc would be likely to generate thousands of jobs, if it goes ahead.<\/p>\n
The plans come after US President Donald Trump confirmed his “America First” agenda meant overturning international trade treaties.<\/p>\n
During his campaign, and since his election, Mr Trump had repeatedly threatened high import tariffs in order to encourage US and foreign companies to move production to the US.<\/p>\n
He singled out China as a significant cause of lost manufacturing jobs in the United States.<\/p>\n
Foxconn – formally known as Hon Hai Precision – has most of its factories in China where it assembles Apple’s iPhones.<\/p>\n
Last year, the firm took over Japanese electronics veteran Sharp and the display-making investment being considered in the US is thought to be under the new Sharp unit.<\/p>\n
The White House website, updated after President Trump’s inauguration, makes clear that the new administration will pursue plans to alter trading relationships with Asian countries.<\/p>\n
President Trump has also announced he will be renegotiating the North American Free Trade Agreement (Nafta) with Canada and Mexico.<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
The chief executive of Taiwan’s technology giant Foxconn has confirmed his company is considering setting up a new plant in the United States. Terry Gou told reporters the investment might exceed $7bn (\u00a35.7bn). The investment by a major supplier of Apple Inc would be likely to generate thousands of jobs, if it goes ahead. The […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,718],"tags":[3303,3304,3305],"yoast_head":"\n