US president Donald Trump’s promise to bring manufacturing jobs back to the United States was a cornerstone of his election campaign. Since his inauguration, several electronics companies, including Samsung, LG and Foxconn, have announced to build factories in America. The planned projects are good for PR, but do they make sense from a business perspective? Writing for China’s leading business and technology platform TMTPost, Wang Xinxi uses the example of Foxconn’s $10-billion electronics manufacturing project in Wisconsin to consider possible motivations and weigh the risks and prospects for the large-scale foreign investment. getAbstract believes that investors and manufacturing executives will find his assessment quite thought-provoking.
In this summary, you will learn
- What motivations lie behind Foxconn’s $10-billion American project,
- Why China is becoming less attractive for manufacturing companies and
- What risks Foxconn is facing in the United States.
About the Author
Wang Xinxi writes for TMTPost, China’s leading business and technology platform. Focused on tech trends and startups, Wang runs his own wemedia channel and contributes to Baidu, Tencent, Toutiao, and tech media Huxiu.com.