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As Trump presidency nears, defiant Foxconn 'will not leave China'

Key iPhone maker commits to new China facility despite U.S. tariffs threat

Foxconn Chairman Terry Gou says he will not move his company out of China.

TAIPEI -- Terry Gou, chairman of key iPhone assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, said on Friday that his company will not decamp from China.

His statement came at a time when U.S. president-elect Donald Trump is demanding that American companies, particularly Apple, bring manufacturing jobs back to the U.S. from Asia and elsewhere. Trump has also threatened to slap a stiff 45% tariff on Chinese and Mexican imports.

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