Posted on 04/28/2017 12:25:03 PM PDT by 2ndDivisionVet
WASHINGTON/TAIPEI, April 28 (Reuters) - Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, is planning a "capital-intensive" investment in the United States, Chairman Terry Gou said as he exited the White House on Friday.
Formally known as Hon Hai Precision Industry Co, Foxconn operates large manufacturing facilities in China, which is a base for its assembly of Apple's iPhones. The Taiwan-based company has been eyeing U.S. investments for some time.
President Donald Trump has made several announcements since his election in November about U.S. investments by both foreign and domestic manufacturers, building on his campaign focus on preserving and creating American jobs....
(Excerpt) Read more at news.trust.org ...
I always thought it was interesting that Foxconn, based in Taiwan, had all its manufacturing in the PRC. Money is thicker than ideology.
At this point I think Communism is a veneer in China.
It’s a tactic to manage a billion peasant farmers rather than a guiding ideology.
“Communism” is the corporate mission statement for China Inc. It’s the nice sounding but empty patter all corporations spit out to cover the real reason for existence: making money.
I wonder if the bldg will have suicide nets around the roof.
I worked as a staffer for a contractor company at a Foxconn facility here in Alliance near Fort Worth. Best salaried position I ever had. The workers seemed pretty happy to me.
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