Apple (AAPL) supplier Foxconn (FXCOF) said it's in preliminary talks to create a $7 billion investment program in the United States that would add 50,000 jobs. The company said details are still fluid. "We can confirm that we are in preliminary discussions regarding a potential investment that would represent an expansion of our current US operations," the company said in a statement published in London. Meanwhile, SoftBank Group's (SFTBY) CEO said he will invest $50 billion in the U.S. as part of a broader plan to create 50,000 jobs. The CEO met with President-elect Donald Trump in New York City Tuesday. SoftBank is based in Japan. TheStreet's Scott Gamm reports from Wall Street.
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