Foxconn backpedals on US factory plans: 'It is not a promise. It is a wish'
by Sam Thielman from Technology | The Guardian on (#29ZES)
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.
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