| Thread Tools |
2nd August 2019, 15:12 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 153,541
| Foxconn mulls flogging flagship Chinese plant Trade wars casualty Foxconn is exploring the sale of its new flagship $8.8 billion display panel factory in China as demand for the product wanes amid the intensifying U.S.-China trade war. Foxconn is appointing banks to find a buyer for its LCD factory that is still being built in the southern Chinese city of Guangzhou. Discussions are at an initial stage, and it has not yet produced a price tag for the Gen-10.5 facility specialising in large-screen LCDs. US President Donald [Prince of Orange] Trump sharply raised the stakes in the bruising trade war with China and jolted global financial markets by vowing on Thursday to impose a 10 per cent tariff on $300 billion of Chinese imports from September 1. Trump’s actions have stuffed up technology global supply chains and forced Foxconn to review its own. At the same time, there is a slowing demand for large-screen televisions and monitors. The new factory would not go into production until early October, which makes it less appealing for buyers because of the additional risks as compared to an already operating plant. The Nikkei daily reported earlier this year that the company would delay most of its planned production in Guangzhou for a minimum of six months, but Foxconn said the project was on schedule. https://fudzilla.com/news/49161-foxc...-chinese-plant |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Foxconn's Wisconsin plant opens next May with fewer jobs than promised | Stefan Mileschin | WebNews | 0 | 11th July 2019 10:40 |
Foxconn will go ahead with a downsized US LED plant | Stefan Mileschin | WebNews | 0 | 6th February 2019 08:33 |
Foxconn says it won't staff Wisconsin plant with workers from China | Stefan Mileschin | WebNews | 0 | 7th November 2018 12:43 |
Foxconn investigates its Hengyang plant | Stefan Mileschin | WebNews | 0 | 11th June 2018 12:57 |
Illinois sues over Foxconn plant | Stefan Mileschin | WebNews | 0 | 14th May 2018 15:01 |
Intel mulls Chinese date after Micron divorce | Stefan Mileschin | WebNews | 0 | 7th March 2018 06:30 |
Foxconn primary iPhone manufacturing plant goes up in flames | Stefan Mileschin | WebNews | 0 | 27th January 2016 09:31 |
Asus mulls a new sub-brand of budget motherboards aimed at the Chinese market | Stefan Mileschin | WebNews | 0 | 21st January 2016 11:50 |
Workers Protest At Foxconn Plant in China | Stefan Mileschin | WebNews | 0 | 30th April 2012 08:41 |
Many Chinese Workers Want Those Jobs at Foxconn | Stefan Mileschin | WebNews | 0 | 1st February 2012 09:39 |
Thread Tools | |
| |