Sunday, January 22, 2017

Foxconn: Investment For New U.S. Plant To Exceed $7B

I don't know about you but I sure think this is a move in the right direction. With any luck, this will lead to more foreign companies manufacturing at least some of their products in the United States.
Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to put "America First" in his inauguration speech on Friday, prompting Gou to warn about the rise of protectionism and a trend for politics to underpin economic development.