Foxconn Technology Group, the major supplier to Apple Inc. andHewlett-Packard Co., seeks to expand its operations in NorthAmerica as customers request more of their products be Made inU.S.A.

“We are looking at doing more manufacturing in the U.S. because,in general, customers want more to be done there,” Louis Woo, aFoxconn spokesman, said in a phone interview. He declined tocomment on individual clients or specific plans.

Apple, the world's most valuable company and Foxconn's biggestclient, plans to spend more than $100 million next year on buildingMac computers in the U.S., Chief Executive Officer Tim Cook said ina Bloomberg Businessweek interview published yesterday. Foxconn,based in Taipei, has 1.6 million workers globally, includingfactories in California and Texas that make partially-assembledproducts such as servers, Woo said.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.