Foxconn, the top assembler for Apple’s products is slowly making its way into the US market, with the help of SoftBank, the Japanese investment giant. SoftBank CEO Masayoshi Son recently met with Trump in the US after he was elected president to discuss plans for US investment. Although very few sources have been able to gather information correctly about this confidential meeting, a couple of things have been discussed for sure.
In their meeting, Son and Trump discussed about Foxconn’s intentions of making investment in the US. This points at high chances for the fact that 50,000 US jobs can be created in the US. Trump can use this as a slingshot to launch himself in the good books of non- supporters. Just like he had committed an investment value of $10 billion in India, it has decided to invest almost $50 billion in US alone. Such kind of money can be generated by SofBank only through its technology fund, which can currently has more than 100 billion US dollars in it. Out of this, 7 billion may be the amount reserved by the firm for its investment into Foxconn.
According to Foxconn, it is working to understand for sure how much of profit will be available to both parties so this can be worked upon. Asides, they refused to discuss any more details about the meeting with trump, stating that they could not disclose much about their confidential meeting with a ‘relevant US official. All pieces of the puzzle seem to fall back in place with this deal, as earlier Trump had already coaxed Apple to bring its production completely into US. At that point, everyone was busy forming views and voicing opinions about how expensive the iPhone 8 was going to be. Little did we know that with foreign money pouring into the country, Apple would not really face extreme losses here, as it had been projected.