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Business

Foxconn's Terry Gou walks a tightrope between US and China

Tycoon to build panel facility that will create 15,000 jobs in southern China

Foxconn Chairman Terry Gou has said he is "not willing to choose" between the U.S. and Chinese markets. (Photo by Debby Wu)

GUANGZHOU, China -- Chairman Terry Gou of Hon Hai Precision Industry, better known as Foxconn Technology Group, has begun to work on a new panel facility in southern China as part of the company's ongoing efforts to expand its base in the region. He also hinted that plans to invest in the U.S. may not materialize any time soon due to labor issues and a lack of incentives.

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