TSMC, Sharp & Foxconn All Consider Moving To The US For Manufacturing
President elect Donald Trump has created quite a stir in the tech world. His demands for Apple to manufacture the iPhone in the US turned quite a lot of heads. Soon after he made initial comments, we saw Cupertino's manufacturing partner Foxconn weigh the merits of such a decision. While was classified as being economically unrealistic at the time, now all three of Apple's main suppliers are once again considering the move. Take a look below to find out more details.
Foxconn & Sharp Promise Trump Investments In US As TSMC Weighs Option To Establish Plant As Well
Apple's suppliers look to be in quite a turmoil. Chairman of Softbank group, Masayoshi Son recently met with Donald Trump in New York. Masayoshi Son, whose group forms an alliance with Foxconn promised Trump that the pair will consider investments in the United States, at an attempt to create more jobs for the economy. A Sharp executive speaking to the Nikkei Asian review provided details on the matters, and added that the idea is Mr. Son's idea.
Foxconn is also considering to build a manufacturing plant here. The US has a large market for TVs and other appliances, which the company will cater to. The details of these hypothetical plants have not been decided right now. It is expected that it will cost around $8.6 Billion. This is similar to the amount spent by Foxconn and Sharp for an LCD plant in Guangzhou, China last year.
In a separate piece of news, it's being reported TSMC is also looking at building a fabrication plant in the United States. Chairman Morris Chang elaborated to DigiTimes that the company has not ruled out the possibility of a manufacturing plant in the US. After all, 65% of the company's revenues are generated by the country. However, Mr. Chang also indicated that such a move won't be in the company's or its customers' benefit.
He further indicated that TSMC is already involved in the creation of jobs in the country. Before you jump to any conclusions, keep in mind that all of these plans are highly preliminary in nature at the moment. Such moves require a lot of planning and it's unlikely to see any concrete results in the short term future. Thoughts? Let us know what you think in the comments section below. We'll keep you updated on the latest.