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

Posted by msmash on from the business-moves dept.

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."

7 of 324 comments (clear)

  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?"

    1. Re:A new golden age by OzPeter · · Score: 5, Insightful

      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?"

      The problem is that while Trump may think he has his hands on the world's balls, he doesn't realize that the world also has it's hands on the US's balls. Trade doesn't exist in a vacuum and playing chicken with the economy is not something to look forward to.

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    2. Re:A new golden age by meta-monkey · · Score: 5, Insightful

      For the past 30 years we've been rolling over and playing dead. Maybe try something else for a bit?

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    3. Re:A new golden age by meta-monkey · · Score: 5, Insightful

      Just imagine if bad things happen! Your overactive imagination is not an argument.

      Also, am I allowed to be pissed off at China for taking our jobs, our factories, our IP, constantly fucking with their currency and failing to abide by our trade agreements? What does anyone being "pissed off" have to do with anything? Are you the kind of guy who pays sticker price for a car because you don't want to "piss off" the car dealer? Who gives a shit.

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      We don't have a state-run media we have a media-run state.
    4. Re:A new golden age by Anonymous Coward · · Score: 5, Insightful

      Why the fuck would I want a $300 smartphone if I can't get a job for more than burger-flipper wages? My grandfather could afford to raise a family, buy a house, go on vacations, and send his kids to college on his blue collar salary alone. A shiny iphone is a piss-poor substitute for that. I would cheerfully pay 10 times for these stupid electronic gizmos if it means I get back the standard of living that once made America the envy of the world.

  2. Re:The jobs will be mostly construction jobs. by Major+Blud · · Score: 5, Informative

    Most of the putative 50000 jobs are going to be construction work building the factories.

    That's still a net positive. That's 50,000 construction jobs that wouldn't exist in the U.S. if FoxConn stays put in China.

    If you have even 100 employees constantly doing a very similar job, you can easily afford to spend 5 million developing a custom robotic solution)

    $5,000,000 to develop a custom solution?!?! You're seriously underestimating the cost involved with that. Just a off-the-shelf robot alone can cost $100,000, without programming or other peripherals.
    https://techcrunch.com/2016/03...

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  3. 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.