Thursday, 12 November 2020

Foxconn sees strong iPhone 12 demand, reiterates U.S. investment

By Yimou Lee and Ben Blanchard
TAIPEI (Reuters) - Apple <AAPL.O> supplier Foxconn <2317.TW> forecast strong demand for the new iPhone 12 in the holiday quarter and stressed that it would continue investing in the United States as scheduled and is looking at making new products there.
Foxconn's planned $10 billion investment in the U.S. state of Wisconsin did not create enough jobs in 2019 to earn tax credits, the state government said last month, the second year the company missed targets touted by President Donald Trump as a major economic win.
For many, the factory has become a symbol of failed promises in Midwestern states that were key to Trump's 2016 election but flipped to Democrat Joe Biden last week. Trump is seeking some recounts.
Foxconn said on Thursday ...


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