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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 lgw on Tuesday January 24 2017, @11:19PM
In a world of increasing automation, all the talk of unskilled manufacturing jobs in the US is just hot air. We all know there won't be any in a few decades. Still, better to have the robot factories on US soil than otherwise.
Skilled manufacturing, OTOH, is a different beast. There are over a million skilled manufacturing jobs sitting unfilled in the US right now. If Trump wants to make a real dent in unemployment, he'd focus on the problem of providing training for those jobs. Those might not be forever (but what is), but skilled work seems likely to be with us for at least the rest of the working life of the currently unemployed.
(Score: 4, Funny) by Anonymous Coward on Tuesday January 24 2017, @11:23PM
If Trump wants to make a real dent in unemployment, he'd focus on the problem of providing training for those jobs.
Haven't you heard?
He's been working on that problem for years.
Trump University.
(Score: 0) by Anonymous Coward on Thursday January 26 2017, @10:58PM
The 10 Dogs and 9 Bones analogy [googleusercontent.com] (orig) [alternet.org]
"The way I go about demonstrating that fallacy is a dogs-and-bones example."
What's needed is Joe Average spending money into the economy and goosing The Multiplier Effect. [wikipedia.org]
He can't do that without a job.
What's needed is infrastructure spending.
...on a yuuuge scale.
That already worked once to pull USA out of an economic depression within 4 years (1933 - 1937).
Back then, the plan was called The New Deal.
Franklin Roosevelt and his advisor John Maynard Keynes are who you have to thank for the USA not still being in a depression.
Today, we are in need of people who are that wise.
Instead, a yuuuge number of you folks (among the small number who bothered to show up at the polls at all) chose Donnie Tiny Hands.
...especially in the states that have the biggest unemployment problems.
In that same presidential race, Jill Stein of the Green Party offered A Green New Deal.
You folks rejected[1] her/that and here we are, still in the doldrums.
[1] This assumes that you bothered to become informed and were even slightly aware of Dr. Stein and her ideas--rather than plopping down in front of your TeeVee and allowing Lamestream Media to fill your head with horse-race nonsense and watching The Orange Clown get his $5B of free media.
-- OriginalOwner_ [soylentnews.org]