The best way to meet this demand was by creating opportunities for local production as this would facilitate quick production and avoid any shipping from China to the U.S.
Trump promised to bring jobs to the U.S. and repeated singled out Apple for its use of Chinese manufacturers - Foxconn among them - in stump speeches across the country during his campaign.
Foxconn would build the display plant with Sharp, the tech display company it acquired past year.
That meeting caused Son to pledge $50 billion of investment in the US and inadvertently disclosed an additional $7 billion investment. For instance, Apple could produce its worldwide products in Asia, while focus on bringing its US -bound products back for USA production.
According to President Trump, Tim Cook has "eyes open" to United States-assembled iPhones and a new report from Nikkei reiterates that.
"Yes, we will continue to add to our investments in China", Gou told reporters.
Terry Gou specified that Foxconn, formally known as Hon Hai Precision Industry Co, had been considering that perspective for a long time, however, the issue was settled following a meeting of Masayoshi Son, the head of SoftBank, with Donald Trump in December. Any investment by Apple in the project would be a political victory for President Donald Trump, who has repeatedly railed against the iPhone-maker for outsourcing jobs to China.
Where could Foxconn build factories in the US?
Even if it could, Foxconn makes something like 100 million iPhones a year in China. More important for consumers, how will state and federal rules and regulations affect pricing, as analysts have speculated an American-made iPhone would surely be more expensive?
Trump has put continuous pressure on Apple to move some of its manufacturing operations to the United States, and during his inauguration speech, he promised that his government would "buy American and hire American". He said it is now hard to ship such large TV screens to the United States from Asia. Foxconn is also reported to work with Softbank Group to create a chip design centre in Shenzhen. It is increasingly likely that China could ultimately decide to shift its investment away from the U.S., given that Mr. Trump continues to force local companies to reduce their dependence on Chinese resources. Its potential investment in the us came to light last month when Softbank (SFTBF) CEO Masayoshi Son was photographed leaving a meeting with Donald Trump.