Foxconn, one of Apple’s biggest manufacturing partners, said on Wednesday it’s planning to expand its current US operations. The news comes on the heels of a document spotted during a recent meeting between SoftBank CEO Masayoshi Son and President-elect Donald Trump.
On the document, SoftBank said it would invest $50 billion in the US over the next four years, potentially creating 50,000 jobs. Foxconn didn’t appear to be part of the discussions at Trump Tower this week but the company’s name was on the document (below). In response, a Foxconn representative provided a statement to CNN.
“We are in preliminary discussions regarding a potential investment that would represent an expansion of our current US operations.”
Although SoftBank isn’t a big name in the U.S., the Japanese company has a majority ownership of Sprint, which currently sits at number four among the big U.S. carriers. As CNBC notes, SoftBank has been making a number of strategic investments in the US over the past few years, particularly in Silicon Valley, where it has invested in companies such as SoFi and Zymergen.
Foxconn, meanwhile, has also been investing in factories across the United States. The Taiwan-based company said its future investment plans haven’t been determined.
“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 US officials,” reads a Foxconn statement to CNN.
Will iPhones be made in the US?
As part of Trump’s campaign platform, the former reality star said he would get big companies such as Apple to build its products in the US. Foxconn’s potential investment could be a huge step toward achieving that.
In November, Trump told The New York Times he had already contacted Apple CEO, Tim Cook, about manufacturing its products in the United States—something Apple has done in the past with select machines.
According to CNN, Foxconn already has plants in Pennsylvania, Texas, and Indiana.
Add magic to your living space with these string lights
String lights add personality and soft light to your living space. Here are some of the best.
Disguise your little one with the help of a themed costume
From roaring lions to hoppy bunnies, costumes speak to every child's unique spirit. And we've collected our favorite options.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Solve all of your problems, add the perfect calculator to your life
With the right calculator, everything adds up! Whether you need a basic model or one with more advanced functions, there is a calculator that will meet your functional requirements.