Foxconn’s Gou Unsure of Near-Term Investment in the US
GUANGZHOU – Foxconn chairman Terry Gou suggested plans to invest in the US may not happen in the near future as a result of labor issues and a lack of incentives, according to published reports.
Gou said he’s unsure whether American officials can move quickly enough to attract foreign investors, and said America lacks the skilled labor and supply chain required by the display industry, say reports.
Foxconn recently broke ground on a new panel production facility in southern China. The move to expand China operations comes amid growing trade tensions between Washington and Beijing, with President Donald Trump often insisting Apple, Foxconn's largest customer, move manufacturing to the US.
In response, Gou said in January he was contemplating building an automated large-panel facility and a smaller molding factory in the US.
Gou recently visited Washington, but declined to comment on whether he met with anyone in the Trump administration, and he said he refuses to choose between the US and China.
