Foxconn CEO Postpones IFA Keynote Appearance to 2018
On Wednesday, IFA announced that Foxconn CEO Terry Gou has decided to postpone his appearance at IFA Keynotes until 2018.
In a statement made to IFA, Gou said that 2017 is proving to be an extremely eventful year for the Taiwanese electronics manufacturer, thus resulting in the firm's decision to wait until next year to participate. "We are currently focusing on a global investment project that fully occupies the company's strategic management resources," Gou explained. "In light of this, we have decided that 2018 will be the ideal time for the previously announced IFA keynote."
That "global investment project" is likely the massive plant that Foxconn announced it would build in Wisconsin, it's first major manufacturing facility in the U.S. Foxconn is said to be adding roughly 3,000 jobs with the new plant, which, according to President Trump—who negotiated the deal with Gou—represents a $10 billion investment. Earlier this year, the New York Times reported that Gou was looking to invest $7 billion in the U.S. while adding somewhere between 30,000 and 50,000 jobs.