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The New York Times (may be pay-walled) reports that Terry Gou, the CEO of Foxconn has confirmed rumours aired in December to the effect that the company is considering building an additional factory in the United States. Yahoo Finance UK says that the factory, if built, "could create about 30,000-50,000 jobs." The South China Morning Post reports that the facility, expected to cost more than $7 billion, would make dot-matrix displays (such as used in television sets and mobile phones) under the Sharp name. Mr. Gou remarked that:
While it is difficult to have a clear analysis of the economic outlook for this year, due to looming uncertainties, three factors can be seen as clues. First, the rise of protectionism is inevitable. Secondly, the trend of politics serving the economy is clearly defined, and thirdly, the proportion of real economy is getting increasingly bigger.
Speaking in November, Gou had called on the incoming U.S. leaders to refrain from protectionist policies, The China Post had reported.
Additional coverage:
Related:
Foxconn Plans to Replace Nearly All Human Workers With Robots in Some Factories
Foxconn Acquires Sharp at a Lower Price Than Previously Agreed
Sharp Accepts $6.25 Billion Takeover Bid from Foxconn, but Foxconn is Wary of Debt
Softbank to Invest $50 Billion in the US
(Score: 3, Interesting) by Sulla on Tuesday January 24 2017, @08:35PM
"Please don't be protectionist it will hurt our profit"
"Crap well might have to consider buiding in US to avoid tarrif"
End of the day I pay more at the register but some of the people I know might actually be able to find work.
Ceterum censeo Sinae esse delendam
(Score: 2) by DannyB on Tuesday January 24 2017, @09:31PM
How much would it hurt profit for Foxconn to install some 'protectionist' netting around the buildings to protect American workers from committing suicide jumping to their deaths in the factories?
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(Score: 2) by Sulla on Tuesday January 24 2017, @11:28PM
I was planning on making a comment about that before making the post that I did. While in general I like the prospect of companies opening up plants in the US, I am unsure if I want Foxconn in particular given their record.
Ceterum censeo Sinae esse delendam
(Score: 2) by SanityCheck on Wednesday January 25 2017, @04:00AM
Pop quiz: if you have 100000 employees, how many employees will commit suicide in a given year no matter what you do?
Bonus: At what number of suicides is it no longer your fault?
(Score: 3, Insightful) by Scruffy Beard 2 on Wednesday January 25 2017, @07:14AM
I think committing suicide at work increases the odds that it is some kind of statement.
(Score: 3, Insightful) by SanityCheck on Saturday January 28 2017, @01:53AM
Yes however a lot of these people live in company dormitories... hence they would really have a hard time committing suicide NOT AT WORK.
(Score: 2) by DannyB on Wednesday January 25 2017, @05:04PM
Here's an insanity check.
Suppose you have such a large number of people committing suicide that you have to install suicide nets on your building to "protect" them from ending the life of misery, pain and virtual enslavement that your workplace creates.
Suppose that you create working conditions that are appalling.
Suppose that you have a statistically significant deviation in how high your employee suicide rate is over the norm.
Could one then reasonably infer that the suicides may be the employer's fault?
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