Taipei-Beijing has conveyed its concern to Hon Hai Group Chairman Terry Gou (???) over the company's plan to increase investment in the United States, an international media outlet reported on Tuesday.
Gou informed the Chinese side that he did not plan to withdraw capital from China, adding that the U.S. investment plan has not been finalized and is dependent on the policies of the incoming administration of U.S. President-elect Donald Trump, according to Bloomberg News.
Hon Hai, an assembler of iPhones and iPads, known as Foxconn outside Taiwan, did not comment on the report.
In early December, Hon Hai said it was in preliminary discussions to expand its U.S. operations, after Japan's SoftBank Group CEO Masayoshi Son showed a document following a meeting with Trump that indicated Hon Hai has plans to invest US$7 billion and create 50,000 jobs in the United States over the next four years.
Asked about the matter in late December, Gou said it was uncertain whether Hon Hai would expand its operations in the United States because the policies of the new U.S. government remain unclear.
Gou also said the company would not withdraw from China and fully intended to continue its operations there.
Hon Hai employs about 1 million workers in China and is one of the largest employers in the country.
Source: Focus Taiwan News Channel