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Foxconn Considers $7B US Plant

The Taiwanese company that assembles Apple's iPhones and other electronics is considering investing $7 billion in a US factory to produce display panels that would create as many as 50,000 jobs. Foxconn CEO Terry Gou discussed the potential expansion Sunday during a company meeting in Taiwan, the AP reports....

iPhone assembler Foxconn may invest $7B in US display plant

Foxconn, a major assembler of iPhones and other electronics, may invest $7 billion in a plant for manufacturing display panels that would create as many as 50,000 jobs in the U.S. Foxconn CEO Terry Gou discussed the potential expansion Sunday during a company meeting in Taiwan, the company's home country.

News: Foxconn considering $7B investment in ‘highly automated’ U.S. facility for Apple

Foxconn Chairman Terry Gou said his company is considering a $7 billion investment with Apple in a “highly automated” display production facility inside the U.S., Nikkei Asian Review reports. Gou estimated the proposed facility would...Show More Summary

Foxconn could create 50,000 jobs with U.S. Apple factory

A new U.S.-based Apple and Foxconn factory could create 30,000-50,000 American jobs, claims Foxconn chairman Terry Gou. According to a Gou, Foxconn and Apple may team up to create a new $7 billion manufacturing facility in the United States, dedicated to building displays for future iOS devices. Show More Summary

Foxconn Considers $7 Billion Investment to Build U.S. Factory

Foxconn founder Terry Gou says the Taiwan company is looking for incentives to build a flat-panel screen factory in the U.S.

Taiwan’s Foxconn may invest $7 in US and employ over 30,000 people

Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to put “America First” in his inauguration speech on Friday, […]

Foxconn chief: ‘The rise of protectionism is unavoidable’

TAIPEI (Reuters) – The head of Foxconn, the world’s largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Terry Gou, chairman of Foxconn, formally known as Hon Hai Precision Industry Co, warned that uncertainties for this year make it tough to have […]

Satirical Bloomberg piece imagines Foxconn’s response to Trump’s ‘Made in America’ plan for iPhones

2 months agoTechnology / Apple : 9 to 5 Mac

A satirical Bloomberg column imagines how Foxconn’s chairman Terry Gou might respond to Trump’s plan to force Apple to make its products in America. more… Filed under: Apple

Foxconn Completes Acquisition of Sharp

The iPhone assembler completed its $3.8 billion deal to buy Sharp, setting the stage for Taiwanese tycoon Terry Gou to begin restructuring efforts to turn around the troubled Japanese company.

Taiwan Tech Industry Faces "Greatest Challenge" As Rival China Backs Nat'l Champions

7 months agoTechnology : Forbes: Tech

Taiwan’s electronics industry has been a pillar of its prosperity for the past four decades, turning the island into a key supplier for the likes of Apple, IBM and Dell, and spawning billionaires such as Hon Hai’s Terry Gou and Quanta's Barry Lam. Yet rising competition from China is increasingly challenging [...]

Hon Hai Shares Fall To Two-Week Low As iPhone Worries Outweigh Sharp Hopes

Hon Hai Precision's Terry Gou (L) shakes hands with Sharp President Kozo Takahashi (R) during a press conference in Osaka on April 2. (Photo: STR/AFP/Getty Images) Shares in Hon Hai Precision, the big Taiwan iPhone assembler that said last week it would lead the purchase of a majority stake in Sharp [...]

Foxconn Chief Promises Sharp Turnaround

10 months agoTechnology : Tech -

Terry Gou signed a $3.5 billion deal to put Sharp under his control and promised a successful rescue of the troubled Japanese electronics maker.

Behind Foxconn's Sharp Deal, Gou Left Little to Chance

10 months agoTechnology : Tech -

Terry Gou, the secretive Taiwanese billionaire behind Foxconn’s takeover of Sharp, must now prove that he made the right bet on a once formidable Japanese household brand that has lost its way.

iPhone-Assembly Tycoon Drove Hard for Sharp Deal in Japan

10 months agoTechnology : Tech -

Foxconn Chairman Terry Gou carefully orchestrated a $3.5 billion acquisition of the Japanese electronics giant Sharp, beating out the government-backed fund Innovation Network Corp. of Japan.

Sharp take-under oddly denotes Japanese success

Foxconn has clinched control of the ailing Japanese display maker for a reduced $3.5 bln. Fixing Sharp will be a tough task for the Taiwanese giant led by Terry Gou. But this historic, if somewhat ugly and complicated deal, is Exhibit A that Japan Inc is capable of reform.

Sharp-Foxconn Saga: Deadlines Come and Go

10 months agoTechnology : Tech -

More than a month after Terry Gou, the chairman of Taiwan’s Foxconn, flew to Sharp’s headquarters to clinch a nearly $6 billion bid to take over the floundering company, the two parties have yet to come to an agreement.

Sharp and Foxconn: the secret CEO text messages

The $4.4 bln rescue of the ailing Japanese group is on hold after its Taiwanese buyer said it could not sign the deal - even after Sharp announced the transaction. Foxconn boss Terry Gou is due to meet counterpart Kozo Takahashi. Breakingviews imagines their exchange.

Sharp takeover deal should be finalized by end of February, Foxconn CEO says

12 months agoTechnology / Apple : Apple Insider

The Foxconn bid to take over Sharp is now only awaiting finalized details between the two parties, Foxconn's CEO Terry Gou told reporters on Friday, indicating that Innovation Network Corp. has indeed been cut out of the loop.

Foxconn, Sharp to Sign Takeover Deal By End of February

12 months agoTechnology : Tech -

Foxconn Chairman Terry Gou said Friday that the Taiwanese iPhone assembler plans to seal a deal to buy troubled electronics provider Sharp by the end of the month, paving the way for one of the biggest foreign takeovers of a Japanese company.

Foxconn ups pressure on Sharp

Foxconn Technology Group Chairman Terry Gou is stepping up pressure on Sharp to quickly accept his proposed bailout. ||| Tokyo - Foxconn Technology Group Chairman Terry Gou is stepping up pressure on Sharp to quickly accept his proposed...Show More Summary

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