“China is the best place for expanding manufacturing and investment, the country’s premier told the world’s largest contract electronics maker Foxconn less than two weeks after its chief executive Terry Gou went to the White House to discuss increasing investment in the United States,” Jess Macy Yu and Jeanny Kao report for Reuters.
“‘We will continue to expand our development, and optimise the business environment. China has a huge market and lots of talent, it is the best investment place for expanding manufacturing,’ Li Keqiang was reported as saying on the State Council’s official website, which carried pictures of Li’s visit on Tuesday to Foxconn’s sprawling manufacturing facility in Zhengzhou, Henan province,” Yu and Kao report. “The pictures showed Li being escorted by Gou around the facilities. The State Council statement said Li had encouraged Gou to further invest in high-end research and development as well as in supply chain production in China.”
“Li’s visit comes weeks after Gou and other senior Foxconn executives discussed significant investments in the United States at the White House,” Yu and Kao report. “On Wednesday, a person familiar with the matter told Reuters Foxconn plans to begin construction on a U.S. plant in the second half of this year. Foxconn is a major supplier to Apple Inc.”
Read more in the full article here.
MacDailyNews Take: Lots of moving parts here: Trade, China, North Korea, Apple, Sharp, Japan, Westinghouse, Toshiba, nuclear reactors, U.S. manufacturing, Softbank, ARM holdings, Tim Cook, U.S. corporate taxes, tax repatriation, etc., etc., etc.
Apple’s top manufacturing partner to meet with U.S. President Trump today – April 27, 2017
Apple could help Westinghouse in completing new nuclear plants – April 17, 2017
Apple may bid for big stake in Toshiba – April 17, 2017
Apple supplier Sharp may begin building $7 billion U.S. plant in within months as Japan PM meets President Trump – February 8, 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