Sep 04, 2015 - 05:15 PM EDT — AAPL: 109.27 (-1.10, -1%) | NASDAQ: 4683.92 (-49.58, -1.05%)
“Foxconn Electronics (Hon Hai Precision Industry) reportedly plans to establish manufacturing plants in the US and is currently conducting evaluations in cities such as Detroit and Los Angeles, according to market watchers,” Ninelu Tu and Joseph Tsai report for DigiTimes. “Since the manufacturing of Apple’s products is rather complicated, the market watchers expect the rumored plants to focus on LCD TV production, which can be highly automated and easier.”
Tu and Tsai report, “Meanwhile, Foxconn chairman Terry Guo, at a recent public event, noted that the company is planning a training program for US-based engineers… [to provide] an environment to learn the Chinese language, first-hand expereince in the manufacturing process, and a training… Foxconn is already in discussion with Massachusetts Institute of Technology (MIT) over such a program, Gou disclosed.”
Read more in the full article here.