Home / World News / Foxconn's Gou plans US investments after visits to White House

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

Trump is seeking to lure additional overseas investments into US

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

Last Updated : Apr 30 2017 | 12:43 AM IST

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 a victory for Trump, who’s seeking to lure additional overseas investments into the world’s top economy even as he seeks to put US corporations first and renegotiate trade deals.