Apple supplier Foxconn mulling $7 billion investment in US to create 50,000 jobs; Pennsylvania wins!

American Thinker ^ | 01/22/2017 | Thomas Lifson

[SeekAndFind]

The world’s largest contract manufacturer of electronics, the principal supplier of iPhones and iPads, has let it be known that Pennsylvania may be the home of a massive investment in US manufacturing. Bloomberg reports:

 Foxconn Technology Group is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple Inc.’s main manufacturer that may create tens of thousands of American jobs during President Donald Trump’s first year in office.

The company is considering a joint investment with Sharp Corp.[1], the Japanese display supplier it bought last year, but details have yet to be hammered out, Reuters cited Chairman Terry Gou as telling reporters in Taipei on the sidelines of a company event. Foxconn confirmed the report Monday.

Foxconn is a massive company that walks a political tightrope. It is based in Taiwan yet does much of its manufacturing in Mainland China.  It received massive amounts of bad publicity from suicides among its workers and for alleged child labor exploitation. Political considerations are part of its daily operations.

A potential strategic shift by Foxconn unnerves Chinese authorities because the company employs roughly a million workers across the country. Major factory job cuts have been known to trigger protests in the past, even as maintaining social stability remains among the top priorities of the ruling Communist Party.

China has plenty of worries over its economy right now. Cheaper labor markets are encroaching on its industries from below, and automated manufacturing technologies are poaching jobs from above. And the new POTUS is openly promising to change our trade relationship and ending the Two-China policy.

[ClearCase_guy]

I hope Trump cuts the ribbon on the new factory.

[StormPrepper]

Wow! Just wow! Great news!

[Alberta's Child]

I’m a little confused here. I read through the article, but didn’t find any reference to a statement by Foxcomm that had anything to do with Pennsylvania. How did the author come up with that?

[mewzilla]

Me, too. PA hasn’t won anything yet. And if the state has to give away the store to get a deal, I’d call that a Pyrrhic victory.

[Red Badger]

The world’s largest contract manufacturer of electronics, the principal supplier of iPhones and iPads, has let it be known that Pennsylvania may be the home of a massive investment in U.S. manufacturing. Bloomberg reports:

First paragraph..................

[Red Badger]

The world’s largest contract manufacturer of electronics, the principal supplier of iPhones and iPads, has let it be known that Pennsylvania may be the home of a massive investment in U.S. manufacturing. Bloomberg reports:

First paragraph..................

[ExpatCanuck]

It won’t be in Philly, that’s for sure. That would be like relocating from one communist run location to another.

[Alberta's Child]

I know that. I just didn't see anything anywhere that reflected what was said. I finally found it.

The article references a Bloomberg report, and the Bloomberg report says nothing about Pennsylvania. But the Bloomberg report also cites a Nikkei Asian Review report, and in that report it's mentioned that a Pennsylvania trade representative attended the Foxconn event.

[Alberta's Child]

I hope Pennsylvania could get such a deal, but I’m wondering why Foxxconn would locate a plant in Pennsylvania instead of, say, Texas or Indiana.

[Red Badger]

PA would be a good choice, just from the labor aspect.
The old Rust Belt could become the Silicon Shield......................

[JonPreston]

Plant to be built in Harrisburg, PA - invest in local real estate while it's dirt cheap!

[servantboy777]

Well, one things for sure, they’ll not need nets around the building to catch workers jumping to their deaths because of exhaustion/anxiety.

[Enlightened1]

[miliantnutcase]

If it lands in PA consider it remaining a red state for a long time...

[tomkat]

Philly .. That would be like relocating from one communist run location to another.

Truth !

(would only add:  location  sh!thole)

[fishtank]

Penn Hi-Tech Heritage

http://www.yorkpa.org/factory-tours/

https://en.wikipedia.org/wiki/Hamilton_Watch_Complex

http://gearpatrol.com/2013/05/07/a-visit-to-lancaster-pa-home-of-hamilton-watch-co/

http://www.rgmwatches.com/

[tomkat]

but I’m wondering why ..

Because PAlabama is every bit as red as TX or IN.

[SeekAndFind]

RE: If it lands in PA consider it remaining a red state for a long time...

I might be able to be a little optimistic about Pittsburgh but on second thought, with those liberal colleges surrounding that city, I changed my mind.

Philly is probably a lost cause.

The rest of PA are the ones that will counter the liberalism of these two biggies.

[Alberta's Child]

Except you can't pretend rural Pennsylvania is any different than the rest of the state when it comes to some major issues that will drive decisions like this.

Pennsylvania's top corporate income tax rate of 9.99% is one of the highest in the U.S. -- higher even than Marxist sh!t-holes like California (8.84%), Massachusetts (8.00%) and and New York (6.5%).

Pennsylvania didn't just lose all those industries over the years because companies fled to foreign countries. They lost them because companies fled to other U.S. states. The government of Pennsylvania chased all of those jobs away.