(MENAFN- Asia Times)
Taiwan-based manufacturing giant Foxconn's US$10 billion investment in a Wisconsin factory to make liquid-crystal displays (LCDs) is not a business-savvy decision and is unlikely to have a major impact on its strategy in China, analysts the Beijing-based Caixin news website on Thursday.
Other analysts pointed out that, in addition to higher labor costs, insufficient locally available supply chain and infrastructure facilities related to LCD panel production will weigh on profits.
But it is certainly a welcome development for the US administration. 'I think (Foxconn CEO Terry) Gou actually intends to create an optimal situation for negotiations (with the Chinese and US governments), Taipei-based analyst with market research firm Gartner Claire Wen said.
Source: Donald Trump Twitter account The DailyBrief Must-reads from across Asia - directly to your inbox Comments
MENAFN2707201701590000ID1095664946
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.