​Why Taiwan’s Foxconn, an phone Provider, Is Investing in Texas and Thailand

Over the past two decades, the Apple distributor has spent thousands on projects in the United States, India, and Mexico to reduce its reliance on China. In order to expand its operations, Foxconn, a colossal Japanese electronics company, recently invested$ 33 million in acquiring a 10-acre parcel of land northeast of Houston. Additionally, it invests hundreds of millions of dollars in Thailand and constructs factories in India and Mexico. Foxconn’s businesses in northern China produce a sizable portion of the nation’s consumer electronics. It claims to produce nearly half of all computer machines used to power artificial intelligence systems and has huge assembled smartphones for Apple. Foxconn has spent millions of dollars over the past two years expanding its activities around the world to reduce its reliance on China. Donald J. Trump, the president-elect, has promised to implement taxes on imported goods from China and other countries on his first time in business starting next month. Foxconn has spent decades making preparations for this eventuality. Fresh Liu, Foxconn’s president, said recently that the bank’s growing global footprint may help to shield it against Mr. Trump’s intended tariffs. After the organization closed its Texas offer, Mr. Liu stated to reporters that” the effect on us is possibly smaller than our companies.” We are having difficulty locating the article’s source. In your browser’s settings, choose enable JavaScript. Thank you for your patience while we verify exposure. If you are in Audience mode please leave and log into your Times accounts, or listen for all of The Times. Thank you for your patience while we verify exposure. Now a subscription? Register in. Want all of The Times? Subscribe. 

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