“The decision by Foxconn Electronics to invest US$10 billion in the US, which will include the establishment of a 10.5G TFT-LCD panel plant in Wisconsin in the initial stage, will help the company move closer to its clients and accelerate its corporate transformation, according to Digitimes Research,” Tony Huang writes for DigiTimes Research.
“Including the planned LCD plant in Wisconsin, a total of five 10.5G flat panel fabs are expected to commence for commercial operations during the period from 2018-2021 signaling that there will be a risk of overproduction of large-sized TV panels,” Huang writes. “But Foxconn’s decision still makes sense given the US is one of the world’s two major high-end TV markets.”
“The new US investment plans, if realized, will also help Foxconn transform itself from its current OEM business model into a conglomerate with powerful system integration and brand management ability,” Huang writes. “Leveraging its advantages of being close to the US market and able to deliver goods promptly, Foxconn is expected to further expand its investments in the US to include other products such as automotive panels, robots and other innovative products.”
Read more in the full article here.
MacDailyNews Take: Hey, make a bunch of those new, forthcoming Apple pro displays there in Wisconsin, too!
SEE ALSO:
Foxconn considering a second Wisconsin facility – August 3, 2017
Apple CEO Tim Cook dodges question of whether he promised President Trump three big, beautiful U.S. factories – August 2, 2017
President Trump announces Apple supplier Foxconn’s $10 billion investment in Wisconsin and up to 13,000 jobs – July 27, 2017
President Trump to announce Apple-supplier Foxconn manufacturing plant in Wisconsin today at 5pm EDT – July 26, 2017
President Trump says Apple CEO Tim Cook has promised 3 ‘big, beautiful’ manufacturing plants in the U.S. – July 25, 2017
China Premier Li visits Apple supplier Foxconn after CEO’s meeting with President Trump – May 10, 2017
Apple’s top manufacturing partner to meet with U.S. President Trump today – April 27, 2017
Apple supplier Sharp may begin building $7 billion U.S. plant in within months as Japan PM meets President Trump – February 8, 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
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
MAGA
Fake news!
Foxconn has announced nearly as many vaporware projects as Microsoft. There’s also a lot of pushback against the $3 billion in tax breaks and environmental exceptions cooked into the bill. This ain’t a done deal by any stretch.
Scum President. That is all.
Just as the US has practiced the free market benefits of its economic colonialist policies worldwide, now it’s feeling the effects of the world’s up and coming nations economically colonizing the US. Foxconn is merely a recent instance, Toyota long ago.
The evidence is that peak dollar is over and the US is no longer #1 in health, safety, and economy.
One effect is that the Alt-right, you know, mostly Android users (hiperbole here), are seeing their political world shrink and feel oppressed, being assaulted and victimised by other people’s assertions of equal rights.