x
Devices/smartphones

Trump Says Foxconn Will Make iPhones in US

President Donald Trump says that the Apple iPhone will be made in the US, as the Chinese contract manufacturer, Foxconn, opens a factory in Wisconsin.

So far -- since the iconic smartphone was launched in 2007 -- Apple Inc. (Nasdaq: AAPL) has used Foxconn Electronics Inc. in China as the device manufacturer. Foxconn said in July 2017 that it would open a flat screen plant in Wisconsin, and construction is supposed to break ground this year.

"They're going to build them here, they're going to build other things here too," President Trump told Wall Street Journal reporters about the iPhone in a long interview held on Thursday.

"Now we need people because they're going to have thousands of people working, it's going to be a -- you know -- that's the company that makes the Apple iPhone," Trump said of Foxconn.

Trump's comments came to light after a dispute with the Wall Street Journal over the president's comments on North Korean Kim Jung-Un, published in the original article. The WSJ reacted by releasing audio and the full transcription of the interview, in which the presdent made the comments on Foxconn and the iPhone.

— Dan Jones, Mobile Editor, Light Reading

Page 1 / 2   >   >>
Phil_Britt 1/30/2018 | 9:20:32 AM
Re: MAGA I will acknowledge that economy and market are rolling. But are we borrowig too much from the future. There is a legitimate argument that some of the Reagan tax breaks -- as well as later Dem pushes for more home ownernership -- were responsible for the Great Recession.
Phil_Britt 1/30/2018 | 9:18:01 AM
Re: This could work... There is no doubt taxpayers will foot the bill. The big question will be if the winning location gives away more than it will receive in benefits -- the gray area being ancillary benefits to the community -- support jobs not directly tied to Amazon. These jobs likely to increase, but how much? Also, will Amazon be held to certain measures, like number of jobs. Look at companies like Carrier that received benefits and cut jobs anyway.
kq4ym 1/30/2018 | 8:59:20 AM
Re: This could work... And most likely the area taxpaymers will be subsidizing the plant through incentive packages and tax abatement to bring Apple to the location. While there may be benefits in the long run if the plant grows, usually it's a trade off or loss to the locals in the end.
mendyk 1/24/2018 | 9:17:26 AM
Re: This could work... As long as as little as possible is given to the undeserving poor, it's all good.
jbtombes 1/23/2018 | 5:54:16 PM
Re: This could work... yes, unfortunately, that's how state governments roll. 
mendyk 1/18/2018 | 10:15:32 AM
Re: This could work... "Incentives" meaning something along the lines of massive corporate welfare?
mendyk 1/18/2018 | 10:13:44 AM
Re: MAGA Don't stop ... BELIEVIN'!
rgrutza600 1/18/2018 | 9:45:20 AM
MAGA It is absolutely shocking how fast Trump's policies have turned our economy around.  We are about to have our first full year of 3% GDP growth in over a decade, and it has only just begun.
jbtombes 1/17/2018 | 6:19:17 PM
Re: This could work... That's a lot of toxic sarcasm building up in one post. Maybe the exemptions to state environmental regs and relative weakness of unions were factors, but looks like the $3-4b package of incentives was the biggest driver of the deal.
brooks7 1/17/2018 | 1:59:27 PM
Re: Maybe, Maybe Not How does a plant that makes LCD displays suddenly become an assembly location for a phone?

seven

 
Page 1 / 2   >   >>
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE