Apple Insider: “Apple’s primary assembly partner, Foxconn, will soon invest in expanding its U.S. operations, the latter company said on Wednesday, apparently following in the steps of a similar SoftBank announcement.”
“Foxconn explained in a statement to Bloomberg, “While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials. Those plans would be made based on mutually-agreed terms.”
Although Foxconn didn’t provide specifics, a document held up by SoftBank CEO Masayoshi Son after meeting with U.S. President-Elect Donald Trump allegedly included the words “Foxconn,” “$7 billion,” and “50,000 new jobs.” SoftBank is investing $50 billion in the U.S. and aiming to create 50,000 jobs.
It’s unclear if Trump was involved in negotiating a Foxconn deal, but during his presidential campaign he openly criticized Apple and claimed he would make the company move production back to the U.S. Foxconn is based out of Taiwan and runs most of its factories in China.”
Burst Updates November 18: “We are just over a week into Trump elect, the markets are taking off, all lobbyists have been removed from the transition team and a new 5yr contract established for the administration, and Apple is considering moving iPhone production to America.”