Trump to meet with Foxconn chairman Terry Gou, report says
Terry Gou, chairman of Apple manufacturing partner Foxconn, will reportedly meet with President Donald Trump in Washington, D.C., on Thursday, where the pair are likely to discuss U.S. job creation and a pending bid for Toshiba's chip business.
Citing people familiar with the matter, the Nikkei Asian Review reports Gou arranged the meeting with the help of SoftBank chairman Masayoshi Son, who previously met with Trump in New York last year. At the time, Trump touted SoftBank's commitment of $50 billion to U.S. operations as part of an investment fund, a move that could create some 50,000 new jobs.
Though details of today's first ever meeting between Trump and Gou were unavailable, the president is expected to discuss job creation while the Foxconn head is likely to bring up the sale of Toshiba's memory chip business.
In January, Gou revealed Foxconn was considering a joint $7 billion investment with Apple that would go toward the creation of U.S. display production plant. It was later reported that Foxconn subsidiary Sharp would take a lead role in running the plant. Gou last month expressed concerns over building displays in the U.S., however, citing a lack of government incentives, supply chain hurdles and labor issues.
Trump previously put pressure on Apple to "do something major" to build iPhones in the U.S., and in an interview in January said Apple CEO Tim Cook had his "eyes open to it." The president has put intense focus on job creation as a main pillar of his platform, often citing the tech sector as a wellspring of jobs. Multinational companies like Apple often farm out labor to overseas firms, and the success of iPhone has helped Foxconn become the largest contract manufacturer in the world.
As for Toshiba, Foxconn is again said to partner with Apple on a bid for the embattled Japanese electronics company's memory chip business. Toshiba is entertaining bids as it faces more than $9 billion in losses tied to its U.S. nuclear operations run under the brand Westinghouse. While Toshiba is motivated to sell, the company might reject a reported $27 billion offer from Foxconn in favor of a less contentious, and less lucrative, bid from Japanese suitors.
Earlier this month, reports claimed Apple was considering lowering its investment, allowing Toshiba to maintain a partial stake in the unit. The strategy is meant to appease Japanese regulators seeking to limit the transfer of domestic technology to outside companies.
Citing people familiar with the matter, the Nikkei Asian Review reports Gou arranged the meeting with the help of SoftBank chairman Masayoshi Son, who previously met with Trump in New York last year. At the time, Trump touted SoftBank's commitment of $50 billion to U.S. operations as part of an investment fund, a move that could create some 50,000 new jobs.
Though details of today's first ever meeting between Trump and Gou were unavailable, the president is expected to discuss job creation while the Foxconn head is likely to bring up the sale of Toshiba's memory chip business.
In January, Gou revealed Foxconn was considering a joint $7 billion investment with Apple that would go toward the creation of U.S. display production plant. It was later reported that Foxconn subsidiary Sharp would take a lead role in running the plant. Gou last month expressed concerns over building displays in the U.S., however, citing a lack of government incentives, supply chain hurdles and labor issues.
Trump previously put pressure on Apple to "do something major" to build iPhones in the U.S., and in an interview in January said Apple CEO Tim Cook had his "eyes open to it." The president has put intense focus on job creation as a main pillar of his platform, often citing the tech sector as a wellspring of jobs. Multinational companies like Apple often farm out labor to overseas firms, and the success of iPhone has helped Foxconn become the largest contract manufacturer in the world.
As for Toshiba, Foxconn is again said to partner with Apple on a bid for the embattled Japanese electronics company's memory chip business. Toshiba is entertaining bids as it faces more than $9 billion in losses tied to its U.S. nuclear operations run under the brand Westinghouse. While Toshiba is motivated to sell, the company might reject a reported $27 billion offer from Foxconn in favor of a less contentious, and less lucrative, bid from Japanese suitors.
Earlier this month, reports claimed Apple was considering lowering its investment, allowing Toshiba to maintain a partial stake in the unit. The strategy is meant to appease Japanese regulators seeking to limit the transfer of domestic technology to outside companies.
Comments
I think this is the reality of why these discussions will probably never advance beyond cheap talk to prop up a failing presidency.
Take Donald's iPhone away from him and tell him to worry about the national deficit.
I love his good intentions. America can't have too many manufacturing jobs. However, much of the US/world economy now rests on labor availability and cost. Low cost, competent labor + relaxed environmental regulations = mutually beneficial manufacturing relationships. Companies like Apple have already cut the best possible deals to get things done. President Trump wouldn't like TC tellng him which plumbing company to use on his next project.
To me, President Trump's gambit here like looks like a quick dead end, which begs the question.... Why? Why can't he see that? He might "Protect" more America peoplelabor by makng sure our fellow citizens have affordable and comprehensive healthcare.
"When asked by reporters on his way out of the White House if he had met U.S. President Donald Trump, Gou responded: "My memory is not good. Maybe I already forget."
A person with this kind of severe memory loss is running a company like this???
Heres the story. Obviously he's being coy with the reporters. He doesn't have a memory problem.
His interviews are mind numbing in their illiteracy, incoherence and constant .self aggrandizement.
And after "talking" to Trump for a while, maybe you'd rather forget the whole thing actually happened.
Please shut the hell up unless you can justify this level of ignorance and illiteracy in anyone, let alone a god damn president.
Not to mention he has to pat himself on the back every other sentence (Tremendous....).
We criticize this based on the moronic things he's said of Apple, Foxconn and manufacturing many times in the past.
Sent from my Sanctuary City
Trump after meeting Xi — learns in 10 minutes that the China/North Korea thing is much more complicated than he thought.
Trump after talking to Trudeau about repealing NAFTA — oh that's much more complicated than he thought.
Trump to Reuters just now — "This is more work than in my previous life. I thought it would be easier."
He has no fucking clue what he's doing, or what anything to do with governing involves. It's obvious because he says as much ALL THE TIME. Trump supporters love to say that libtard snowflakes or whatever are just sore but there's something to be said for holding your president to ANY degree of accountability whatsoever.
Tom Nichols nailed it in his op-ed:
"Those of us who criticized Trump voters for their angry populism were often told during and after the election not to condescend to our fellow citizens, and to respect their choices. This is fair. In a democracy, every vote counts equally and the president won an impressive and legitimate electoral victory."
"Even so, the unwillingness of so many of his supporters to hold him to even a minimal standard of accountability means that a certain amount of condescension from the rest of us is unavoidable."
https://www.usatoday.com/story/opinion/2017/04/27/trump-voters-ruining-america-tom-nichols-column/100926836/
So yeah, as of now — failed presidency, and we're being governed by someone who cannot get anything done because he has no fucking clue what he's doing, hasn't staffed most of positions to do so, and has no clear plans to achieve anything, yet. I thought this was all part of Bannon's plan to dismantle the state, but with him on the back burner now I believe it's literally just incompetence at this point.
Raise your hand if you could knock out a tax plan using only 200 words and 7 numbers. /raises hand
I thought we fianlly moved past the point of threads spiraling into liberal bashing, party fighting. Apparently I was wrong ... smh 😒