Taiwan tech-giant Foxconn plans to build an $8.8-billion factory in China, state media said Saturday, amid reports its billionaire boss is cooling off on future US investments. Foxconn, a major Apple supplier, will spend the vast sum on an industrial complex in the sprawling southern city of Guangzhou. "We have in China a government that knows how to be efficient and supports new technology," said Foxconn president Terry Gou in an interview with China’s 21st Century Business.