Nikkei Asian Review:
Chairman Terry Gou of key iPhone assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, is set to meet U.S. President Donald Trump in Washington on Thursday, according to people familiar with the plan.
The sources did not disclose details of the first-ever encounter between the two. But with Trump’s persistent pledge to bring manufacturing jobs back to the U.S., and Gou’s dogged determination to acquire the memory chip business of embattled Japanese conglomerate Toshiba, the two will likely exchange their views on related issues.
A lot at stake here. Trump wants Apple to build in the US. Lots of resistance to that, both in terms of logistics and financial impact.
As with absolutely everything, ten minutes into the conversation, Trump will realize that it’s much more complicated than he thought, and why these manufacturing jobs are not coming back to America.
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