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Apple's Top Assembler Foxconn Confirms Plans for US Investment, To Create 50,000 Jobs (bloomberg.com)

Foxconn, the biggest assembler of Apple devices, is in preliminary discussions to make an investment that would expand the company's U.S. operations. From a report on Bloomberg: The disclosure came hours after an announcement by U.S. President-elect Donald Trump and SoftBank Group's Masayoshi Son to invest $50 billion in the U.S. and create 50,000 jobs. The money will come from SoftBank's $100 billion technology fund, which was announced in October, a person familiar with the matter said. A document that Son held up after the meeting in Trump Tower also included the words "Foxconn," "$7 billion" and "50,000 new jobs" in addition to SoftBank's numbers. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," Foxconn said in a statement. "Those plans would be made based on mutually-agreed terms."

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  1. A new golden age by Anonymous Coward · · Score: 5, Interesting

    Finally with an entrepeneur taking the reins we may be staring down a new golden age for America... withtout all the BS and fake numbers spewed by the recent federal government regimes. Unemployment at less than 5%? Puh-leeze. I guess maybe if you count crap work and part time jobs with no benefits. Trump is going to take the world by the balls and basically start squeezing and say "stop fucking us over OR ELSE. Now would you like to talk?"

  2. Re:Now make it a requirement that it's US-owned by Anonymous Coward · · Score: 5, Interesting

    Why is wanting to preserve a culture "bad" when that culture is European, but pure virtue when it's some other culture? People are getting pretty tired of the racism inherent in the "everybody but Europeans (white)" mentality so prevalent among the regressive movement of late.