Donald Trump's presidential directive is beginning to bear fruit. One of his goals is to bring back most needed jobs in the US. Taiwan is now weighing plans to build a high-tech fully automated $7 billion display facility for the manufacturing of iPhones, tablets, and other electronic devices through Foxconn.
Nikkei Review stated that Apple has high interest to partner with Hon Hai Precision Industry Inc. or commonly identified as Foxconn, and asked the Taiwanese conglomerate to erect a $7 billion Plant facility.
The US Company needs the panels for its gadgets as well. The $7 billion automated facilities will create an estimated 30,000 to 40,000 jobs for the Americans. Much needed employment of President Trump's campaign promise to bring them back to American soil.
Foxconn has its present manufacturing facility in Zhengzhou, China. The factory produces over a 100 million units of iPhones per year, said Terry Guo, Foxconn Chairman. He added that iPhones produced in the US would probably cost more than those made in China. To balance this, Guo further reiterated to ease on land lease, electricity, and taxes.
Trump had talks with Apple CEO, Tom Cook on the $7 billion automatic plant display facility. The CEO has the capacity to make a decision to build an Apple facility. An investment of this magnitude and the jobs it will create is a presidential campaign victory Trump promised, as what Macworld has reported.
Chairman Guo talked with Masayoshi Son, Chairman of the Softbank Corporation and a close business partner. Son expressed his p reporters after a talk with Trump. Foxconn and $7 billion are in it, as reported on Bloomberg Technologies.
But there is growing concern in the ranks of the Chinese Government. The Chinese concern is the investment Shift of Foxconn away from China to the US. Foxconn is one of the biggest foreign employers in China with nearly a million jobs it provides across the nation. Losing jobs are one of the main trigger mechanisms of unrest in the society of China. Massive protests on job cuts are unnerving the country with the backlash it will create.
