Biden: Foxconn, Trump’s US Factory ‘Was Just a Con’

President Joe Biden has claimed that Taiwanese giant Foxconn’s plans for an electronics production hub in the US, which secured billions in tax credits and promised thousands of jobs, was “a con”, ABC News reported.

Biden hit out as he announced a $3.3 billion investment from Microsoft to build a new artificial intelligence facility on the same site where, in 2018, then President Trump broke ground using a golden shovel on what was supposed to be a signature project under his administration, the story went on.

“They dug a hole with those golden shovels, and then they fell into it,” the president said. “Foxconn turned out to be just … a con.”

Read the full story: ABC News

By Sean O’Meara

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.