2017-07-13 08:35:00 Thu ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
President Donald Trump has announced that a major Apple iPhone upstream supplier, Foxconn Technology Group (aka Hon Hai Precision Group), will invest $10 billion in a new manufacturing plant for LCD display panels in Wisconsin. The press conference takes place at the White House with Wisconsin Governor Scott Walker and Republican House Speaker Paul Ryan. Walker suggests that this new plant is the largest economic development project in the state's history. Foxconn Chairman Terry Guo points out that Wisconsin shines as the clear winner among at least 6 American states while Ohio is a close contender. The new manufacturing plant will employ an initial intake of 3,000 workers while this intake can increase to 13,000 in the next 4 years.
Although Apple CEO Tim Cook has yet to comment on Foxconn's new plant in Wisconsin, this latest financial news echoes the Trump stock market rally with substantial fiscal stimulus that manifests in the form of lower income taxation and tax-efficient corporate cash repatriation. Apple and its upstream suppliers together will invest their massive offshore cash in job creation, manufacturing automation, and digital technology innovation. Foxconn's ambitious expansion represents the first attempt by an Apple upstream supplier to invest in America. We will see more cascades of this positive progress in the foreseeable future.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-06-05 07:36:00 Tuesday ET
Just Capital issues a new report in support of the stakeholder value proposition in recent times. U.S. corporations that perform best on key priorities such
2018-01-13 08:39:00 Saturday ET
The Economist digs deep into the political economy of U.S. government shutdown over 3 days in January 2018. In more than 4 years since 2014, U.S. government
2017-01-17 12:42:00 Tuesday ET
Former Treasury Secretary and Harvard President Larry Summers critiques that the Trump administration's generous tax holiday for American multinational
2018-03-23 08:26:00 Friday ET
Personal finance and investment author Thomas Corley studies and shares the rich habits of self-made millionaires. Corley has spent 5 years studying the dai
2018-07-05 13:40:00 Thursday ET
U.S. trading partners such as the European Union, Canada, China, Japan, Mexico, and Russia voice their concern at the World Trade Organization (WTO) in ligh
2022-03-05 09:27:00 Saturday ET
Addendum on empirical tests of multi-factor models for asset return prediction Fama and French (2015) propose an empirical five-factor asset pricing mode