Foxconn confirms US investment; Softbank soars
They are involved in a US$50b deal announced by Donald Trump in New York, alongside Softbank CEO Masayoshi Son
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Taipei
TAIWAN'S tech giant Foxconn confirmed on Wednesday that it was in talks over a new US investment, while SoftBank shares soared after President-elect Donald Trump unveiled a US$50 billion deal with the two firms.
Mr Trump announced the agreement - which he said would bring 50,000 jobs - in the lobby of Trump Tower in New York, alongside SoftBank's flamboyant chief executive, Masayoshi Son.
Mr Son brandished a document featuring the names of his firm and Foxconn which read: "Commit to invest $50bn + $7bn in US, generate 50k + 50k new jobs in US in next four years."
Foxconn, a major supplier of Apple, confirmed in a statement it was "in preliminar…
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