Terry Gou’s comments at an event celebrating the anniversary of Foxconn’s first investment in mainland China follow Beijing’s threat to scrap trade deals with Washington if President Trump’s tariff hike on Chinese technology products goes ahead.
“This is not a trade conflict but rather a competition and comparison of technology,” said Gou in a video shown in the event.
Foxconn Technology Group, also known as Hon Hai President Industry Co., is the world’s biggest contract manufacturer of smartphones, computers and other technology products and is trying to develop its own brands.
Gou said he planned to take part in a groundbreaking ceremony at the end of June for a $10bn factory that Foxconn is set to build in Wisconsin, but he and other executives said nothing else about the company’s plans there or other initiatives outside China.
Enjoy curated articles directly to your inbox.