Apple assembly partner Foxconn plans US expansion

Apple Insider ^ | 12/07/2016 | Roger Fingas

[SeekAndFind]

Apple's primary assembly partner, Foxconn, will soon invest in expanding its U.S. operations, the latter company said on Wednesday, apparently following in the steps of a similar SoftBank announcement.

"While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," Foxconn explained in a statement to Bloomberg. "Those plans would be made based on mutually-agreed terms."

Although Foxconn didn't provide specifics, a document held up by SoftBank CEO Masayoshi Son after meeting with U.S. President-Elect Donald Trump allegedly included the words "Foxconn," "$7 billion," and "50,000 new jobs." SoftBank is investing $50 billion in the U.S. and aiming to create 50,000 jobs.

It's unclear if Trump was involved in negotiating a Foxconn deal, but during his presidential campaign he openly criticized Apple and claimed he would make the company move production back to the U.S. Foxconn is based out of Taiwan and runs most of its factories in China. Only one Apple product —the Mac Pro —is assembled in the U.S., and that computer has gone three years without an upgrade.

Establishing serious production in the U.S. would be a difficult prospect for Foxconn. Aside from the fact that most parts suppliers are overseas, complicating logistics, operating in the U.S. is substantially more expensive because of higher safety, labor, and environmental standards. The decline of American manufacturing would also mean having to train many workers. The company could potentially get around some of these problems if it leans heavily on robots.

[SeekAndFind]

MORE HERE:

Apple supplier Foxconn eyes U.S. expansion as U.S. President-elect Trump woos Asian firms

[spokeshave]

More WIN.

[Yo-Yo]

What is this strange feeling I am experiencing? Is...it...winning?

[The Sons of Liberty]

Apple assembly partner Foxconn plans US expansion

How in the heck does Trump have the time to be working all these deals, picking his cabinet and continuing his "Thank You" tour???

[ari-freedom]

When Trump says Softbank is coming, Anericans ask “Softbank who?”

When Trump says iPhones are coming, it’s all over for Obama

[JayAr36]

How in the heck does Trump have the time to be working all these deals, picking his cabinet and continuing his “Thank You” tour???

His days are longer then ours I guess. His first meeting this morning was at 6:00AM.

[House Atreides]

TRUMP EFFECT — TRUMP EFFECT — TRUMP EFFECT

[The_Republic_Of_Maine]

nah, nah, nah, na, na, nah.

I told ya all, Assembly, not manufacturing.

[RayChuang88]

THIS is what you'll get when the Trump tax plan will mean a 20% reduction in the maximum corporate income tax rate from 35% to 15%. Suddenly, all those shuttered factories re-open and new factories going up--say hello to DJIA 30,000! :-)

[knighthawk]

Please make the winning stop! It makes Obama look like a total loser!

[arl295]

Awesome

Great for America

Plus they will be made right and not explode into a deadly fire ball

win-win situation

[conservative98]

I remember the Red Eye radio guys saying it cannot be done and Trump was a moron.

[arl295]

ha ha

the loser was on tv the other day trying to say that he has terrorists on the run....

I guess he means he has them running over our unprotected border?

[MNJohnnie]

So much winning...

[VanDeKoik]

Well people do call him the “god emperor”.

[MNJohnnie]

Still desperately clutching your mindless Cruz bot butt hurt I see.

Your statement is utterly moronic. it represent a complete ignorance of how Manufacturing works.

[MNJohnnie]

Only brain dead Cruzites still clutching their butt hurt because their poltical god lost the 2016 GOP Primary.

[SeekAndFind]

I don’t understand all the Ted Cruz hate that’s going in a thread which is UNRELATED to him at all.

[VanDeKoik]

I think Cruz is just shorthand for #nevertrump.

Honestly there will need to be a new name coined for them as we move past 2016.