Foxconn said on Dec. 7 that the group was conducting a preliminary evaluation of potential investment opportunities in the U.S. After direct discussion with relevant units abroad, Foxconn promised that relevant details will be released. However, the investment is not yet confirmed.

As a proxy factory of many Apple products, including iPhones, Foxconn’s announcement may reveal the possibility of iPhones made in the U.S. Statistics indicate that Foxconn has established more than 200 subsidiaries and accredited agencies under the development strategy of “roots in China and operations around the globe.”

U.S. President-elect Donald Trump also remains committed to the localized manufacturing of American companies, especially Apple, which may put Foxconn at the top of his agenda. Media reports noted that Trump received a phone call from Timothy D. Cook, CEO of Apple. During the call, Trump asked Cook to manufacture Apple products in the U.S. instead of China, Vietnam and other places.

Trump also promised to provide preferential policies and tax cuts for Apple. After Trump’s election, Cook released a memorandum to Apple employees stressing the importance of diversification and inclusiveness.