Foxconn backpedals on US factory plans: 'It is not a promise. It is a wish'

The Taiwanese manufacturer had claimed to be in process of building a $7bn American plant after Trump met with Japanese tech billionaire last year

Taiwanese manufacturer Foxconn has appeared to back away from claims it is preparing to build a $7bn factory in the US.

News of the plant, which could create some 30,000 to 50,000 American manufacturing jobs, first surfaced last year after a meeting between now President Donald Trump and the Japanese billionaire Masayoshi Son, head of Japanese telecom and tech investment giant SoftBank.