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Foxconn $7 bil plant coming soon to a country name 'Murica

andy4theherd

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Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday.

The plans come after U.S. President Donald Trump pledged to put "America First" in his inauguration speech on Friday

http://www.cnbc.com/2017/01/22/foxc...splay-plant-in-us-would-exceed-7-billion.html
 
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1. I wonder if it is related to their 2013 announcement regarding their plans to build a plant in Pa.
2. Are they going to keep the factories to 1 or 2 stories so they do not need to install suicide nets?
 
1. I wonder if it is related to their 2013 announcement regarding their plans to build a plant in Pa.
2. Are they going to keep the factories to 1 or 2 stories so they do not need to install suicide nets?

Gou said that Foxconn, formally known as Hon Hai Precision Industry, had been considering such a move for years but the issue came up when Foxconn business partner Masayoshi Son, head of Japan's SoftBank Group, talked to Gou before a December meeting Son had with Trump.

As a result of the meeting, Son pledged a $50 billion of investment in the United States and inadvertently disclosed information showing Foxconn's logo and an unspecified additional $7 billion investment. At the time, Foxconn issued a brief statement saying it was in preliminary discussions to expand its U.S. operations, without elaborating.

"Son is a good friend," Gou said, adding that Son had asked for his views about investing in the United States.

Gou said he told Son that the United States has no panel-making industry but it is the second-largest market for televisions. An investment for a display plant would exceed $7 billion and could create about 30,000-50,000 jobs, Gou told Son.
 
That kind of plant is a complete game changer, not just for the city it goes to, but the entire region.
 
That kind of plant is a complete game changer, not just for the city it goes to, but the entire region.

speculation is that this is the first piece of the puzzle in getting Apple to make products here
 
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