Foxconn Makes Grand U.S. Entrance, Forms a New AI Company and Bui

Executives from the Taiwanese contract electronics company Foxconn made high-profile visits to the United States during the last few weeks. They announced a new company in Silicon Valley that will focus on artificial intelligence (AI). And Foxconn's founder joined President Donald Trump for a ground-breaking ceremony at a new factory in Wisconsin. Foxconn, also known as Hon Hai Precision Industry, is the world's largest contract maker of electronics. It operates factories across China and is most well-known for making phones and other devices for Apple.