Foxconn and Apple Rumored to Build U.S. Factory
Foxconn, the world’s largest manufacturer of electronics and main supplier to Apple, may be considering building a plant somewhere in the U.S., worth around $7 billion in investments. The rumor is seen as an early sign of success for newly installed United States President, Donald Trump, who during his election promised he would bring back jobs to America.
The new Foxconn plant would build displays, one of the corporation’s main pillars, and would likely be highly automated. However, since the new factory would be quite large, it should still be good for around 30,000 to 50,000 jobs. Though no location is as yet set, Foxconn CEO Terry Gou is looking to partner with both Apple as well as with a state government that is willing to give the company some assistance due to the sheer size of the operation.
So far the most likely candidate is Pennsylvania, as that state has been actively courting several high-tech manufacturers lately, though nothing has been confirmed at time of writing. Foxconn will need some help from the local government due to what Gou claims is the high cost of doing business in the U.S. In an interview he claims that moving operations to the U.S. may mean that the price of a $300 phone may go up as much as $500, while the resulting product may not even work all that much better.
The move by Foxconn is a little surprising as Gou warned against protectionism and government interference with economic matters when Trump first started with his “America first” message, yet may also be seen as a way to placate the new commander-in-chief right after his inauguration. The very first signs of a Foxconn expansion were seen in December, when the Japanese Softbank Group announced they would invest $50 billion into the American economy, with $7 billion reserved for Foxconn.
Fergus has been tinkering with computers since he was a kid and likes to put a stop to parties by listing the specs of all the digital devices in the room. It's best not to let him near your computer since he'll take it apart and may not put it back together again before he leaves.