“Chinese manufacturing giant Foxconn is considering investing $7 billion to build a new factory in the US assembling flat panel screens,” James Vincent reports for The Verge. “Reports from The Wall Street Journal and the Nikkei Asian Review say Foxconn chairman Terry Gou discussed the plans at a company event this weekend, speculating that the factory could create 30,000 to 50,000 new jobs.”
“The new factory might be a joint investment with Apple. ‘Apple is willing to invest in the facility together because they need the [panels] as well,’ said Gou according to the Nikkei Asian Review,” Vincent reports. “Any investment by Apple in the project would be a political victory for President Donald Trump, who has repeatedly railed against the iPhone-maker for outsourcing jobs to China.”
“Bloomberg reports that the new facility would also involve Japanese display manufacturer Sharp, which Foxconn bought last year for $3.5 billion,” Vincent reports. “This isn’t the first we’ve heard of these plans, as Foxconn’s logo (as well as the $7 billion figure) both appeared in a presentation to journalists by SoftBank CEO Masayoshi Son last December. In the same presentation it was announced that SoftBank would invest $50 billion in the US over the next four years.”
Read more in the full article here.
MacDailyNews Take: Climate change you can believe in. 😉
SEE ALSO:
Foxconn and Apple may team to build $7 billion manufacturing facility in U.S.; could create 50,000 new jobs during President Donald Trump’s first year – January 23, 2017
Foxconn-Sharp considering LCD plant in USA, plans in response to President-elect Trump’s ‘Make in America’ call – January 13, 2017
With President Trump soon to take office, Apple looks to boost its ‘Made in America’ credentials – January 10, 2017
Make America Insanely Great Again: Apple seeks to expand Made in USA manufacturing – January 9, 2017
Apple invests $1 billion in SoftBank’s massive tech fund; may help company get in President Trump’s good graces – January 4, 2017
Apple in talks to invest $1 billion in SoftBank tech fund – December 13, 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 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
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016
President Trump gets more done every 8 minutes than the feckless Oblahblah did in 8 long years.
http://money.cnn.com/2017/01/06/news/economy/obama-over-11-million-jobs/
A song was once written for these “Obama Jobs”, can ya’ dig it?
Ooh ooh
You might not ever get rich
But let me tell ya it’s better than diggin’ a ditch
There ain’t no tellin’ who you might meet
A movie star or maybe even an Indian chief
At the car wash
Workin’ at the car wash, girl
Come on and sing it with me
(Car wash)
Sing it with the feelin’ y’all
(Car wash, girl)
Ooh!
Title: Workin’ at the Car Wash
Artist: Rose Royce
Album: Car Wash
Released: September 1976
So I believe that song was written during the term of Gerald Fold.
Nominations: Golden Globe Award for Best Original Song
“A song was ONCE WRITTEN…” try and keep up libtard.
Typical NY Yankee fan… clueless, classless, et..
27 World Championships.
…and, yet, still widely considered as being generally clueless and classless. I guess that money cannot buy everything, even if it can buy some wins. Is there a lesson there for billionaires? I think so…
I have no doubt that you and your fellow perennial losers consider the New York Yankees to be “clueless and classless.”
Both sides are true in this case: the Yanks do have 27 World Championships, and are one of the most storied and valuable franchises in sports.
However, lately they have very lackluster. And it is true that for a long while their primary strategy was to simply throw the most money at their team, get the highest paid free agents, and hope it all worked out. It did not. When they did their recent best during the 90’s they did get some big free agent talent, but a lot of what they had was home grown talent, the old fashioned way.
Now the Yanks appear to have lost their way. I do hope they get to being competitive again; it’s good for the entire sport of baseball, good for the entire sports world.
“Now the Yanks appear to have lost their way.”
agreed, they have lost the team leadership that Jeter provided…but I have no doubt that another champion will step-up to the plate soon…but at any rate, it was kinda neat that the Cubs won the series in The Year of the Underdog along with President Trump.
I respected the Yankees more in the George Steinbrenner era. But the A-Rod debacle soured me on your favourite team. Since I moved to California, I became a Giants fan. The Dodgers then slid to the “classless” category, and the Yankees moved up a notch, and the Red Sox down a few notches. Fandom is great, ain’t it?
even Daddy George had a long vacuum of nothingness in the eighties…then along came The Man With The Plan From Panama, aka The Sandman…my second favorite Yank of all times.
A World Series is not a world championship.
mmm, typical Yankee fans are as big a jack ass as bot head.
Botty has a pin-striped brain
Melvin, I sure miss your photo avatar you used to sport..
You were so dreamy, I could hardly type..
Idiot Fwhatever! Can’t you read? These discussions have been going on for a while. But your revisionist history would give Trump credit for stuff that occurs well prior to his election.
You can go back even further with Apple’s experiment in initiating Mac Pro manufacturing in the U.S. Do you want to give Trump credit for that, too??
Quit being a hypocrite! You twist history to support your agenda, then act offended when called on your bullshit. Get a life.
It’s a shame that anything done to benefit US workers is bound to be criticized. No one should be mocked for providing good paying jobs for their neighbors.
We cannot stand for hate. Love trumps hate. Hillary 2018 😓😭😢
we don’t need too go there again / She lost- its time for her and a lot of others to retire. The political landscape has changed and she’s not part of it
Ya dingus is just stirring things up with more politicrap. MDN loves this clickbait stuff because they know that Fwhaever and botty and kent and others will jump in with lots of comments.
lol, more of that vast right-wing conspiracy, Melvin?
lol, indeed! As if you and Fwhatever and kent and a few other dinguses on the MDN forum comprise a “conspiracy.”
It is instructive that you used the “conspiracy” term, botty, because I did not. I wonder what that says about your psyche?? Note that I never said “right-wing,” either, botty. My post simply referred to “politicrap.” Although, I must admit that while both political extremes have served up plenty on this forum, you and Fwhatever has deposited far more than your fair share.
You humor me sometimes, botty. You are so simple.
Be careful there Melvin, ol’ Donald will send Putin to get ya! AND get ya’ good!
The fact that you even joke about that should give you pause…
Melvin, you truly put the ‘tard in libtard.
Another lovers’ quarrel in public. Tsk. I’ve had them as well and they are faintly embarrassing. But not to you, I perceive.
lol, don’t you think Melvin is an attractive man?
Melvin is indeed attractive. He is possessed of a sound intelligence, is well-educated in the ways of the world, is fearless in his defence of family values, is respectful of others by default and is a social progressive; all desireable traits to a woman seeking a mate. Appearance is also important but on the internet these days, you settle for what’s on paper.
I think he’s plumb dreamy.
IF love trumps hate, how can dems/libs hate trump w/o being a hypocrite?
It’s the law of physics.
Hatred and intolerance create equal and opposite hatred and intolerance.
Just look at the hatred botvinnik spews daily. No wonder everyone hates him.
People need to stop hating and start understanding. I don’t hate botvinnik and Ivanka doesn’t hate Donald because we see beyond their words, to their needs. Perhaps it is just a female mode of perception, that views the bluster as a cry for love and acceptance. ❤️
All good except one alternate fact: Foxconn is a Taiwanese company, not Chinese. It did own and run several factories in China, but its HQ is in Taiwan. I know Asians look the same to so many of you but the Taiwanese has recently voted for a president and a parliament that lean towards staying independent from China. The least we could do is lend them some support.
“I know Asians look the same to so many of you..”
fsck you.
More importantly, it’s a win for the American worker.
Silicon Valley caves to the Trumpian, something I don’t think Steve Jobs would have done:
http://www.recode.net/2017/1/23/14340518/what-would-steve-jobs-do-trump
Sad. Pathetic. Fascist pigs.
Scribbled by Kara Swisher, a dyke with stick up her ass (or wherever) and a liberal agenda the size of Mount Everest.
Unlikely. American workers are too expensive. More likely these factories will increase the investment in automation, making it cheaper for other factory owners due to economies of scale and eventually putting even more people out of work, both in the US and across the world.
Mass manufacturing is dead as a career option. If you’re in that game retrain now and get out.
Since when did LCD panel manufacture be such a labour intensive job? I simply cannot see 30-50k jobs coming from a panel factory.
That’s “political” numbers. 🙂 Can’t be more than a thousand long term jobs and will likely will leave out a lot of folks… can a coal miner be retrained for these?
Yeah, they must be including construction and other short term jobs. As I have been saying for years, any new manufacturing facility in the U.S. will be highly automated to minimize the number of workers and the impact of labor costs. It will also focus on high value assembly, such as the iPhone. Plastic toys for McD Happy Meals will continue to be manufactured in China.
Apple’s own web site features the photograph of a Mac Pro assembler at the Austin, Texas plant. He can’t be only the one.
Click to access Apple_Agreement_and_Exhibits_FINAL_3.9.12.pdf
In order to receive corporate welfare, Apple employs 3100 people in Texas. Read for yourself. Few of them use a screwdriver all day.
No factory in the US employs 50000 people to my knowledge. For a random example of modern efficient manufacturing, Toyota in Georgetown KY employs 5000 people to make up to 2000 cars a day. Back in WW2 the granddaddy car plant of them all, Ford’s River Rouge plant, employed 100,000 people. It literally took rail cars of raw iron ore in one end of the plant and pumped out finished cars out the other. Well those days are gone. Now cars are snapped together from spec components built all over the world, just like computers. Barring war or a 100 year technological setback, there will never need to be a 50000 person factory in the US. Ain’t gonna happen either because it costs too much. If only they had a calculator and a math text Botty and Trump could run the payroll calcuation to show how absurd it would be to do so. You couldn’t sell enough flat screens in a decade to pay for 50k US employees for a year or two.
So, you’re suggesting that I shouldn’t trust corporate flack. Fair enough. I hope you aren’t suggesting that I should get my facts from governments instead (.gov sites are innocent of bias, I presume), or that I should go to the trouble of employing independent thinking. The horror! What seems to be de rigueur these days is to get one’s factoids from a trusted source like Breitbart, or the from lads down at the corner public house, who surely know what’s what. Or consult the gurus who monitor MDN comments as a public service. That seldom fails.
trumbers
aka “alternative facts”
How refreshing to see Apple work hand in glove with their new government administration to provide the support they need to be great. It’s so much better than the sore winners that still pissing on the last leader, or the sore losers still whining about the candidate that lost.
Go Apple, give jobs to your people, give those big wins to the chump, pay off that huge debt you owe.
How awful to see American industry cave to a bullying wannabe dictator. This is the kind of crap we always criticized banana republics for doing, with the great leader punishing or rewarding friends or enemies at their whim. I am all for creating American jobs, but it should be done by fixing policy that applies evenly to all companies in the country, not by an orange bully aiming their twitter accounts, for good or ill, at individual entities. That is the recipe for state corruption and is the mechanism used by every autocrat in history.
That country does impose more protectionist measures than any other so I would think it’s part of their overall policy on all their companies and that they will continue to do so. I’m not one to comment much on this though as I feel it falls into their domestic situation.
Concur wholeheartedly. Look who is picking winners and losers now…
One more unnecessary “President Trump” post and i’m out.
adios, muchacho!
Trump trump trump
^ Over and over and over and over:
TRUMP! TRUMP! TRUMP! TRUMP!
A change to adults being in charge has been long overdue.
Drain the swamp that is D.C.
Rule of life: Just because one event follows another does not in any way support that the prior event caused the subsequent event. In this case, this idea of a plant in the USA was clearly cooking in the corporate pots of the various firms for way more that a few weeks. Of course the Trumpeters want to claim that it is due to Trump. I beg to differ. The timing is coincidental; and the decision is not yet firm.
whole lotta coincidences goin’ on.
I’m no fan of Trump, but welcome any companies that can profitably create more jobs in the US.
I know what you mean, but it isn’t the president’s job to pick and choose winners and losers. That was the rightie complaint against Obama, and now they are cheering on a fascist pig to cut legal corners to “make deals”.
The constitution doesn’t give the president the authority to boss around company leaders. The president is supposed to uphold the law. All we’ve been promised from Trump thus far is that he thinks he will unilaterally solve everything by force of twitter.
Problem is, congress writes the laws. If those corporate puppets want a chance at being elected, then they can neither impose high tariffs nor can they gut meaningful regulation that protects citizens. What they can do is plunge the USA deeper into debt than it already is, so that’s likely what will happen. It’s a great tradition in DC to leave a bigger debt with every generation.
But if Trump thinks he’s got carte blanche to run up the national debt on crony capitalism and corporate welfare, this weekend saw hundreds of thousands of people in the streets who will call him on it, and they will vote in the next election. Trump had better follow the constitution rather than pretending the republic is a business.
Also, special shout out to idiot advisor Conway: you’re entitled to your own opinions, but not your own facts. People are getting wise to your game. When you clarified that lyin’ Trump would not ever release his tax returns, we now see the true stripes of your kind. Snakes are still in the swamp, as ever, they just are especially disgusting this year.
Furthermore, the USA never had any income tax for the first 140 years of its existence so there never has been any mandate or law requiring a candidate to give up their personal income data to snoopy know-nothings. That is a creation of jealous Marxists who never produced anything but mass deaths and theft of others’ property. Get real. Success in business used to be viewed with pride and admiration. Now, folks like you are looking to snoop ala KGB for a way to bring down anyone they don’t like because their gravy government jobs might be reduced.
correct…from 1789 until 1913 the federal government was financed primarily through tariffs…then along came the Federal Reserve and Federal Income Tax of 1913, courtesy of the Father of All Libtard Assholes: Woodrow Wilson.
PS: Wilson was a democrat.
Once again botvinnik presents partisan hackery rather than complete truth. He completely ignores the fact that the 16th Amendment to the Constitution paved the way for an income tax in 1909. It was signed by President Taft, a Republican.
The 1913 Underwood-Simmons act implemented an income tax to replace the lost revenue from dropping tariff rates from an average of about 40% to 25%. The income tax at that time could have been more accurately described as a tax on robber barons since it only affected the now infamous 1% richest citizens.
If Republicans hate the income tax so much, why don’t they repeal the 16th Amendment? Sounds like Trump protectionism, exactly the opposite of what business leaders wanted a century ago, is the new order of the day. Go for it, repeal the 16th instead of whining about taxes.
The act
Wrong, the Federal Income Tax was implemented by the 16th Amendment. The amendment was adopted on February 3, 1913. Woodrow Wilson, democrat, was president.
YOU are the hack.
https://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_Constitution
further, it’s whore sister, The Federal Reserve was adopted the same year.
“He completely ignores the fact that the 16th Amendment to the Constitution paved the way for an income tax in 1909.”
You need to buy a calendar…how could the 16th Amendment in 1913 retroactively “pave the way” for an income tax imposed in four years earlier? I am assuming you mean the 1909 Payne-Aldrich Tariff Act.
“Those who cannot remember the past are condemned to be Jean.”
The past is a very poor guide to the future. That is why we must consult tea leaf readers, yarrow-stalk casters, entrail-examiners and economists. — G. B. Shaw
Past is prologue, Sebastian.
Get back to us in a year and stop bitching now. Creating an economic environment that enables legitimate businesses, particularly smaller entrepreneurial ones, to thrive and flourish will generate massive net tax increases yet with a lower tax percentage RATE that will allow big national debt decreases plus a richer life for all in the US. Wait to see the results before you lash out in ignorance with no sense of history (JFK) and wrongheaded business notions.
speaking of flourishing businesses…
So this looks good on the surface, but doesn’t it seem that we’re always reading about panel makers having razor thins margins, perpetually losing money, being bought out, and so forth? If so, what kind of pay would these jobs have? Regrettably, I’m left thinking of the shops that Apple has been critiqued for in China in terms of pay. If that’s the equivalent here, then aren’t we stuck with what created support for Trump in the first place? Jobs, but not ones you can really support yourself or a family with. Would be great to see an estimate as to the wages rather than just the larger scale job numbers.
Well said.
And it is quite important to note that between this being an industry segment with minimal profit margins + USA’s higher wage rates = extremely high levels of automation.
As such, a far more realistic estimate isn’t “30,000 – 50,000” jobs, but more like 1% of that: 300 – 500.
Or even less.