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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: 2) by Sulla on Wednesday January 25 2017, @01:24AM
Carrier still ended off "worse" than they would have been had they moved manufacturing to Mexico. Because of all of the bad PR they decided to stay and opened themselves to the highest bidder. If I recall it was Indiana that gave them the best tax offer with additional bonus of not needing to move anything.
Then Trump claimed credit. Carrier made their bet that if he had won between PR and possible tarrif they would be better off just staying. Trump only gets credit for seeming serious enough to actually do it. The state gets credit for making them the offer to stay. Any other state could have done the same.
Ceterum censeo Sinae esse delendam
(Score: 0) by Anonymous Coward on Wednesday January 25 2017, @08:04AM
The state made them the offer because Pence was governor.
So for all practical purposes, Trump gave them the 7M
Its not obvious that any other state would have made them that level of offer for just 700 jobs.