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#1481 Savile Row

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Posted 22 January 2017 - 09:35 PM

Breakfast Club Real Marching!

Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

By J.R. Wu
ReutersJanuary 22, 2017
TAIPEI (Reuters) - 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, prompting Gou to warn about the rise of protectionism and a trend for politics to underpin economic development.

Foxconn's proposal to build a display plant, which would be planned with its Sharp Corp <6753.T> unit, depend on many factors, such as investment conditions, that would have to be negotiated at the U.S. state and federal levels, Gou told reporters on the sidelines of a company event.
Gou said that Foxconn, formally known as Hon Hai Precision Industry Co <2317.TW>, 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 Corp <9984.T>, 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.

"I thought it was a private conversation, but then the next morning it was exposed," Gou said. "There is such a plan, but it is not a promise. It is a wish."

Foxconn has existing cooperation and operations in Pennsylvania, which is a state Foxconn would prioritize, depending on land, water, power, infrastructure and other investment conditions, he said.

Gou added that Foxconn would also remain active in China, dispelling talk that Beijing may be pressuring Foxconn about its investments.

Taiwan's tech-dominated manufacturers have been nervous about potential U.S. trade policies because Trump has threatened to raise tariffs on imports from some countries, notably China.

Foxconn is one of the biggest employers in China, where it operates factories that churn out most of Apple Inc's <AAPL.O> iPhones.


(Editing by Mark Potter and David Goodman)

Edited by Savile Row, 22 January 2017 - 09:49 PM.

#1482 Savile Row

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Posted 22 January 2017 - 09:39 PM

Breakfast Club

R E A L    Marching


The plan to invest in America by this company

also includes their looking at a Jeffersonville location.


That would be awesome.


:yes: :yes: :yes: :D :D :D

#1483 Savile Row

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Posted 26 January 2017 - 08:25 AM

Breakfast Club
Legal, Controlled, Proper: Immigration Analysis
The Clark County Sheriff has our back.


County: Clark
State: IN
Jurisdiction: Clark County Sheriffs office (Jail)
Priority: D: Remaining jurisdictions that continue to accept detainers
Month and Year Jurisdiction Began Not Accepting Detainers:
Who Met with the Local Government?: SDDO
Current Detainer/Notification Acceptance Status: 4: Willing to accept both

(I-247N) Notifications and (I-247D) Detainers
ICE Comments:
HQ Priority Jurisdictions (187):
ILRC Analysis:
No 287(g): 1
No ICE Detention Contract: 1
No ICE holds: 0
No ICE alerts: 0
Limits on ICE interrogations in jail: 0
Prohibition on asking about inmate status: 0
General prohibition on assistance to ICE: 0
ILRC Total: 2
ILRC Comments:
Title of Policy:


Edited by Savile Row, 26 January 2017 - 08:27 AM.

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