Foxconn not ready to talk about location, jobs spawned from US investment

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Following a the presidential decree that Apple stands poised to open a trio of factories in the U.S. very soon, Foxconn has declared that it is not ready to announce any plans at this time until deals are finalized.

In a statement to CNN Money issued on Tuesday, Foxconn denied that it was ready to make any announcements. In part, the company repeated a statement it made on July 12 saying that deals were not fixed yet, and still subject to change.

"It is not currently possible to confirm the locations for those potential investments," Foxconn said on Tuesday. "Or estimate the number of jobs that might be created."

President Trump has repeatedly said that a Foxconn location would be in Kenosha, Wisconsin. Foxconn chairman Terry Gou has said in the past that Pennsylvania is a possible location as well.

Rumors around Foxconn's anticipated Wisconsin factory suggest that the facility will be used to build display panels for large-format televisions, and not Apple equipment.

Assorted governmental officials from both major political parties in Wisconsin have continued to declined comment on details. However, in June, all parties queried including the governor noted that it was still a "long ways" from surety that the plant would be located in the state.

It is not clear if the Foxconn efforts are part of the three Apple plants Apple CEO Tim Cook "promised" to the president. Apple has two manufacturing partners in the U.S. now, with Flex in Texas, and Quanta in California both manufacturing Macs.

"I spoke to [Mr. Cook], he's promised me three big plants— big, big, big," Mr. Trump said in an interview with the Wall Street Journal. "I said you know, Tim, unless you start building your plants in this country, I won't consider my administration an economic success. He called me, and he said they are going forward."

Apple has declined comment on the report, and the president's remarks.

President Trump is holding a jobs event in Washington D.C. on Wednesday. Foxconn officials are rumored to be in attendance.

In January, Foxconn Chairman Terry Gou revealed that the company was considering a joint $7 billion investment with Apple that would go toward the creation of U.S. display production plant. It was later reported that Foxconn subsidiary Sharp would take a lead role in running the plant. Gou expressed concerns over building displays in the U.S., however, citing a lack of government incentives, supply chain hurdles and labor issues.

More recently, Gou met with President Donald Trump at the end of April. Specific details of the meeting remain unavailable, but the two-day long discussion reportedly centered on job creation, the sale of Toshiba's memory chip business, and investment in the U.S.

Foxconn is reportedly planning to invest $10 billion or more across several U.S. states. Locations in Ohio, Michigan, Illinois, Indiana, and Texas have been considered in addition to President Trump's and Gou's declarations.

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