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Factory would build large LCD panels for TVs

Foxconn has been a major supplier to Apple for years, assembling a variety of gadgets including the iPhone and iPad. The U.S. is currently the largest market for the firm with it building gadgets for a number of major manufacturers including Sony, Microsoft, and Dell.
 
Reports indicate that Foxconn is now kicking around the idea of putting a factory in the U.S. According to a new report from the WSJ, Foxconn is thinking about building an advanced display manufacturing facility in the U.S.
 
Even if Foxconn chose to open a facility in the U.S., the majority of manufacturing would still take place in China and other counties. "Automation, software and technology innovation will be our key focus in the U.S. in the coming few years," said Foxconn chairman Terry Gou.


Foxconn CEO Terry Gou
 
The U.S. facility could reportedly produce screens larger than 60 inches. Gou says that it is difficult for the company to ship large TV panels to the U.S. from Asia making the move to the U.S. an attractive financial strategy. Foxconn had previously considered spending $40 million on a facility in Pennsylvania.
 
Foxconn is also looking to Indonesia as a location for manufacturing facilities in coming years. Indonesia has offered Foxconn up to 494 acres of land to build a factory there.

Source: CNBC



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same rumor as last year?
By hpglow on 1/27/2014 12:06:58 PM , Rating: 2
We have heard this from Foxcon before. These guys need to crap or get off the pot. I think they likely run numbers on this regularly and come up with the same conclusion. Chineese labor and land is cheeper.




RE: same rumor as last year?
By Ammohunt on 1/27/2014 1:34:59 PM , Rating: 2
And with the minimum wage hikes in the works any company would be foolish to build a manufacturing plant in America.


RE: same rumor as last year?
By Spuke on 1/27/2014 2:28:13 PM , Rating: 2
quote:
And with the minimum wage hikes
Do you really think that's going to happen?


RE: same rumor as last year?
By Ammohunt on 1/27/2014 9:57:11 PM , Rating: 3
With all the nonsense talk of income inequality and it being a line item in the state of the union address i fully expect this president to executive order it into place. America is wanting to follow in Frances footsteps it seems.


RE: same rumor as last year?
By homebredcorgi on 1/27/2014 4:15:07 PM , Rating: 2
Well it also helps that you don't have to put up with any real labor laws or environmental regulations too.


RE: same rumor as last year?
By lagomorpha on 1/28/2014 9:12:29 AM , Rating: 2
quote:
These guys need to crap or get off the pot. I think they likely run numbers on this regularly and come up with the same conclusion.


It's a pretty common practice in the US that companies will attempt to negotiate with states/cities for very favorable tax terms in exchange for building a manufacturing plant there.

"We will bring x thousand jobs to your area if you agree we never have to pay any taxes ever. Don't agree? Well we'll either not build there or build in some other state that does agree"

I guess they just haven't found someplace with terms they like yet and are holding out for a better deal.


Weird Future
By CaedenV on 1/27/2014 1:30:56 PM , Rating: 3
Stories like these are interesting to me. Foxconn is only considering building in the US because it would be easier to automate here than in other parts of the world. I think this is going to be a growing trend: The US has generally cheaper fuel and cheaper power than much of the rest of the world, and if we keep this up then we will also become the automated production king of the world.

That will be pretty cool in that it will provide lots of cheap stuff to buy... but there may be a lack of jobs to provide you with the funds to buy them. I am very curious to see how this all unfolds, because I am not convinced if it will be really horrible, or really awesome.




They may need to...
By ender707 on 1/27/2014 3:32:53 PM , Rating: 2
They may need to update their employee handbook.




Prison masters
By rtb on 1/28/2014 12:11:37 PM , Rating: 2
Since Foxconn runs most of their factories like prisons, maybe they could come to the US and reform our prison system and make it less of a drain on the economy and society:)




On one condition
By inperfectdarkness on 1/27/2014 1:41:30 PM , Rating: 1
Foxconn can only build a plant in the USA if it only produces PC displays in 16:10. Otherwise, GTFO.




Good
By techxx on 1/27/14, Rating: 0
"If you mod me down, I will become more insightful than you can possibly imagine." -- Slashdot














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