gonna fill a LOT of jobs building the factories and infrastructure if not long term inside positions then again any is better then none
Posted on 01/22/2017 10:53:57 AM PST by Hojczyk
Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday.
The plans come after U.S. President Donald Trump pledged to put "America First" in his inauguration speech on Friday, prompting Gou to warn about the rise of protectionism and a trend for politics to underpin economic development.
Foxconn's proposal to build a display plant, which would be planned with its Sharp Corp <6753.T> unit, depend on many factors, such as investment conditions, that would have to be negotiated at the U.S. state and federal levels, Gou told reporters on the sidelines of a company event.
Gou said that Foxconn, formally known as Hon Hai Precision Industry Co <2317.TW>, had been considering such a move for years but the issue came up when Foxconn business partner Masayoshi Son, head of Japan's SoftBank Group Corp <9984.T>, talked to Gou before a December meeting Son had with Trump.
As a result of the meeting, Son pledged a $50 billion of investment in the United States and inadvertently disclosed information showing Foxconn's logo and an unspecified additional $7 billion investment. At the time, Foxconn issued a brief statement saying it was in preliminary discussions to expand its U.S. operations, without elaborating.
(Excerpt) Read more at yahoo.com ...
Headquarters: New Taipei, Taiwan
Number of employees: 1,300,000 <- wow!
Revenue: 132.5 billion USD (2014)
Agreed. He got me also.
But will the new factory have suicide nets around it?
These jobs are never coming back™ (so wring people)
They’re trying to come up with a negative way to spin the story that this manufacturer is going to invest 70 BILLION dollars in new operations in the US. It’s good news trying to look bad.
None of these globalist douche bags would be on shoring if President Trump didn’t threaten them with a tariff which he should do anyway.
As Automation increases, the comparative cheaper labor advantage disappears. Even China is losing manufacturing jobs.
Net, net, celebrate, but this is not going to deliver a lot of jobs -- we need to remember that
gonna fill a LOT of jobs building the factories and infrastructure if not long term inside positions then again any is better then none
And it is better for the jobs to be in the USA.
What I am saying is that people who think this is the 50s or 60s where non-engineers/technicians can make good money in manufacturing -- those days are gone.
One needs to be highly skilled to get a job in manufacturing these days.
The issue of automation and offshoring have nothing to do with each other. A closed and leveled factory was not automated. Somewhere, probably in the 3rd world, a factory is making that same product.
and pass a drug test...
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