“Terry Gou, the founder of Apple supplier Foxconn, could be moving closer to defining his U.S. expansion strategy with a tighter grip on a key LCD maker just as friendly rival Masayoshi Son’s $50 billion American investment pledge begins to take shape,” Mariko Iwasaki reports for TheStreet.
“Foxconn, also known as Hon Hai Precision Industry, raised its interest in Sakai Display Products, a unit of Japan’s Sharp, which it also owns, in a move that puts the Taiwanese components supplier one step closer to a transition into the end-products business,” Iwasaki reports. “Last week, Sharp said it will buy 56.7% in Cyprus-based Skytec UMC, a holding company which owns Slovakia-based Universal Media and UMC Poland, which are both involved in TV [set making] operations.”
“The move signifies comeback in the arena of TV making by Sharp, once a leading LCD TV maker which lost its momentum after badly-timed investments,” Iwasaki reports. “Foxconn has also publicly committed to U.S. expansion after Softbank’s Son was shown with papers bearing the Foxconn logo during a photo shoot with President elect Donald Trump on Dec. 6 in which the Japanese billionaire pledged to invest $50 billion and create 50,000 new jobs.”
“SoftBank’s promise appeared to take shape Wednesday when Trump told reporters outside his Florida estate that Sprint and satellite company OneWeb would create 8,000 new American jobs — ‘taking them back from other countries,'” Iwasaki reports. “Foxconn’s move to both control Sakai Display and direct a resurgence for Sharp in TV production by taking on Samsung could signal its ultimate ambitions in the U.S., where it has manufacturing sites in Virginia and Indiana and logistics operations in California and Texas.”
Read more in the full article here.
MacDailyNews Take: And Apple CEO Tim Cook just happened to be spending part of his Christmas-New Year’s vacation in Manhattan.
Two of Apple’s most important partners are SoftBank (which owns ARM Holdings) and Apple product assembler Foxconn.
SEE ALSO:
President-elect Trump meets privately with Apple CEO Cook, tells tech leaders: ‘I’m here to help you folks do well’ – December 14, 2016
Apple supplier Foxconn plans U.S. expansion amid President-elect Trump’s Made in America push – December 7, 2016
President-elect Trump named TIME’s Person of the Year; tells Apple CEO Cook: ‘It’s my ambition to get Apple to build a great plant, your biggest and your best’ – December 7, 2016
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump meets with Apple board member Al Gore at Trump Tower in Manhattan – December 5, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Sharp President confirms Apple iPhone transition to OLED displays – October 31, 2016
Apple in talks with Sharp to supply OLED screens for future iPhones – September 30, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016
Apple supplier Sharp names Foxconn exec as CEO to spearhead revival – May 12, 2016
Apple supplier Sharp preps AMOLED displays after Foxconn acquisition – April 6, 2016
Trump is an ignoramus that doesn’t get yet, that he is NOT king of America and will be brought down before long.
The orange king of AmeriKKKa will melt like the wicked witch of the west and Apple will continue to shine much longer than his hair will stay put.
zzzz.
GeriBot shits again.
Looks like you have lost your mind. I understand you wanted more part time service jobs and less high paying jobs. I understand you wanted more corrupt money grabbing by the Clinton’s and more dead Americans at the hands of Muslim refugees but WE over ruled you. Look behind you to see if your Brain is laying on the floor
President-elect Donald Trump accomplishes more every eight days than the Obama failure did in eight years.
I think that it is important to note whether those accomplishments are positive or negative. Donald is constructing an incredible swamp at a tremendous rate while tweeting the world into a potential third World War and at the same time championing the cause of the intellectually challenged to get the recognition they shouldn’t have.
These apparent recent turn of events have been in the works for many months. This has little to do with Trump, and much more to do with showmanship and aligning corporations with the next administration, regardless of who it is.
The same things would have occurred with any other administration, but with a lot less showmanship… which isn’t necessarily bad. Sometimes it helps to bring Madison Ave to Washington.
I most certainly doubt that. Carrier would not have changed their position under Hillary. Bringing jobs back and encouraging current jobs not to leave was not a primary focus of the Dems. The “recent turn of events” is precisely related to Trump’s election, whether you like it or not.
If any Trump haters would look at any news outside of left wing, they would see the stock market heading upwards due to HOPE that Obama and Hillary were not giving to the middle working class.
The ~800 jobs saved from Carrier is directly due to Pence and Trump (offering a state-based tax break and somewhat hollow promise to follow federally), but the Softbank deal is not. Ask anyone who works in corporate business development. This has been in the works for many months.
Sad that whoever runs this site keeps pushing Trump’s agenda. That is not what this site is about.
What a shame.
Where the fsck above are MDN “pushing Trump’s agenda,” moron?
Well I hope they don’t forget to install the suicide barriers.
MADE IN AMERICA:
Bring it on, TRAITOR. 🇺🇸
lol
Thanks to Trump, we’ll be spending a lot more once the trade wars start. Just watch.
live it up, only three more weeks of Little Black Rambo.
Looks like you have lost your mind. I understand you wanted more part time service jobs and less high paying jobs. I understand you wanted more corrupt money grabbing by the Clinton’s and more dead Americans at the hands of Muslim refugees but WE over ruled you. Look behind you to see if your Brain is laying on the floor
Prove it or shit up