MAKING AMERICA GREAT AGAIN – AT 8:23 A.M. ET: This is what we like to see. At its best, this is what the Trump administration can be about. From Reuters:
Foxconn (2317.TW), the world's largest contract electronics maker and a major Apple Inc (AAPL.O) supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month.
The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, had previously said the company hoped to spend over $7 billion to set up a display-making plant in the country - which has no panel-making industry but is the No.2 market for televisions.
Foxconn, formally known as Hon Hai Precision Industry Co, is currently considering Wisconsin, Ohio, Michigan, Pennsylvania and North Carolina as possible locations, Gou told reporters after the company's annual shareholders meeting on Thursday.
All those Trump states. Hmm.
"In July we will make a conclusion," Gou said, adding the company would invest the money over five years.
COMMENT: Hard to say how many actual jobs will be created, as factories are highly automated. But whatever the number, it's better than what we have now.
Trump is clearly working behind the scenes, and he's getting things done. Don't tell CNN.
June 23, 2017
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