Apple Supplier Foxconn Confirms a Potential U.S. Investment Worth $7B
Apple supplier Foxconn said it's in preliminary talks to create a $7 billion investment program in the United States that would create 50,000 jobs.
Apple (AAPL) - Get Report supplier Foxconn (FXCOF) said it's in preliminary talks to create a $7 billion investment program in the United States that would add 50,000 jobs. The company said details are still fluid. "We can confirm that we are in preliminary discussions regarding a potential investment that would represent an expansion of our current US operations," the company said in a statement published in London. Meanwhile, SoftBank Group's (SFTBY) CEO said he will invest $50 billion in the U.S. as part of a broader plan to create 50,000 jobs. The CEO met with President-elect Donald Trump in New York City Tuesday. SoftBank is based in Japan. TheStreet's Scott Gamm reports from Wall Street.
