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posted by on Tuesday January 24 2017, @08:25PM   Printer-friendly
from the 30,000-50,000-robots-rejoice dept.

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


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  • (Score: 0) by Anonymous Coward on Wednesday January 25 2017, @04:12AM

    by Anonymous Coward on Wednesday January 25 2017, @04:12AM (#458390)

    It's more probable that both brands sell the cars cheaper in USA, or more expensive in EU. Many EU countries also have extra taxes for cars. Both brands manufacture all over the world, so sooner or later they have to import/export anyway (BMW X5 is USA made, IIRC, so any X5 in EU is imported; GM has Opel/Vauxhall in EU).

    But if you selected other product where only VAT/sales tax mattered, it would be pretty much that: USA price < EU price (in same currency). Sometimes even beyond what taxes contribute to the sticker price (Rip Off Britain, same prices all over EU even when local income is crappier for a big zone of EU, etc). Also small companies don't handle the paperwork, so they also apply VAT to exports (stupid, but they do it so no real incentive for foreign buyers, even worse as the tax is higher, the shipping insurance will be higher, and tariffs go on top of the VAT... all meaning EU exports could be better).