Monday, January 23, 2017

Foxconn factory in the USA will have investment of over $7 bi

Foxconn, the largest outsourced electronics manufacturer in the world, is considering starting up a new factory in the United States in an investment that would surpass the 7 billion dollars, said the company''s Chairman, Terry Gou, on Sunday.
The announcement happens after the President of the United States, Donald Trump, promising that "America first" in speech of possession on Friday, leading to warn about the rise Gou of protectionism as a political trend going forward.
Foxconn''s proposal to build a new factory, it would be planned with Sharp Corp unit, depends on many factors, such as investment conditions that would have to be negotiated in u.s. federal and State levels, said Gou told reporters during an event.
Gou said Foxconn, formerly known as Hon Hai Precision Industry, was considering investing for years, but the issue resurfaced when the Manager partner of Foxconn, Masayoshi Son, Chief of the Japanese group SoftBank Group, talked with Gou before a meeting that he would have in December with Trump.
As a result of the meeting, Son promised 50 billion dollars in investments in the United States and inadvertently disclosed information showing the logo of Foxconn and an unspecified additional investment of 7 billion dollars.
At the time, the Foxconn issued a brief statement saying he was only in preliminary negotiations to expand its us operations, without offering more details.
"Son is a good friend," said Gou, adding that Son had asked his views on investing in the United States.
Gou said he had told the Son that the United States does not have LCD panel industry, but is the second-largest tv market. An investment to create a factory would be of more than 7 billion dollars and could create 30 to 50000 jobs, said Gou to your partner.
"I thought it was a private conversation, but the next morning it was exposed," said Gou. "There is such a plan, but it''s not a promise. It is a desire. "
The Foxconn currently has operations in Pennsylvania, which is a State that the company would prioritize, depending on other conditions such as water, energy, infrastructure and other investments, said.
Gou added that the Foxconn also would remain active in China, decreasing the rumors that Beijing would be pressing Foxconn on their investments.
In Taiwan, the manufacturers of the technology area are concerned about possible changes in u.s. trade policy, since Trump threatened to increase import tariffs in some countries, especially China.
Foxconn is one of the largest employers in China, where it operates factories that produce most of the iPhones from Apple.
Exame - 22/01/2017 News Item translated automatically
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