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Trump drives TSMC, Foxconn to consider US manufacturing

TSMC, Sharp, Foxconn and more could manufacture goods in the US, thanks to Trump
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jan 15, 2017 6:35 pm

President elect Donald Trump was serious when he discussed manufacturing goods in the US, pushing Apple to make the new iPhone into the US - this stirred Apple's manufacturing partner Foxconn to think about the prospects of moving its manufacturing to the United States.

 

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Apple suppliers could be in for a big shift, with the Chairman of Softbank group, Masayoshi Son, recently meeting with Trump in New York. Masayoshi Son, whose group has an alliance with Foxconn, promised Trump that they would consider investing in manufacturing goods in the US, to create jobs. There's even been a Sharp executive who spoke with Nikkei Asian review who said that the idea is Mr Son's idea.

 

Foxconn is thinking of building a manufacturing plant in the US, as the country has a large market for TVs and other consumer electronics - with Foxconn rumored to be considering a huge $8.6 billion investment in US manufacturing.

 

TSMC are even considering the shift to American soil, with TSMC Chairman Morris Chang talking with DigiTimes that the manufacturing giant hasn't ruled out the possibility of a manufacturing plant in the US. If you think that 65% of TSMC's revenues are generated from chips being made by American companies, it would only make sense for TSMC to consider the big shift to the US.

NEWS SOURCES:Wccftech.com, Wccftech.com

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