A delegation of high level Foxconn executives visit the White House

Foxconn, the world’s largest contract manufacturer, has loads to talk to the White House. Here’s why …

As per footage shown on Taiwanese television, top executives from Foxconn, including founder and chairman Terry Gou, visited the White House on Thursday.

The development comes in the wake of Apple Inc pondering a $7 billion-plus investment in its display manufacturing plant.

As per footage aired by TVBS television, Gou is shown entering and leaving one of the entry gates of the White House with senior company executives including Tai Jeng-wu, Foxconn vice chairman and chief of Japan’s Sharp Corp, in which Foxconn holds a two-thirds stake.

On his way out of the White House when asked by reporters on whether he had met U.S. President Donald Trump, Gou responded by saying: “My memory is not good. Maybe I already forget.”

TVBS reported that Gou was in the White House for around 3 hours.

Foxconn, the world’s largest contract electronics manufacturer which is formally known as Hon Hai Precision Industry Co, declined to comment on the TV footage.

In January, Gou had said that Foxconn was thinking of setting up a display-making plant in the U.S. and is expected to invest at least $7 billion.

Although Foxconn has yet to provide a timeline for the decision, going ahead and implementing it would depend on various factors, including investment climate existing at state and federal levels in the U.S., said Gou.

As per a source, Sharp may start its investing in setting up a plant in the first half of 2017.

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Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Strategy

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