Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.The statement from the Taiwan government added that the detentions could have been the result of “corruption and abuse of power” by law enforcement officers. It was not clear what jobs the Foxconn employees performed.
Under the current geopolitical climate, the trend toward localized production is set to continue for some time. Yet Hon Hai Precision (Foxconn) is seemingly bucking the trend, instead increasing its investments in new businesses in China.
'It was all about politics,' Hintz said in an interview. 'You had a swing state 'Old Donald' needed to win '
Biden lauds new Microsoft center on the same site where Trump’s Foxconn project failed