Sounds like every single new administration. It takes so long for any significant change to occur, they all claim credit for stuff that began long before they were even in the running.
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iPhone Assembler Foxconn in Early Talks to Expand U.S. Operations
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Get real! They announced a $100 fund for investing in high tech. Now they're using $50 billion of that fund to jump on the Trump jobs bandwagon, and the stock markets have rewarded them:
Shares in SoftBank jumped 6.2 percent on Wednesday in Tokyo to their highest since August last year.
"Now the market sees SoftBank as a Trump-related stock and that's because it reacted favorably to their meeting," said Fumio Matsumoto, a fund manager at Dalton Capital in Japan.
Such excitement about creating jobs would never have occurred under Crooked Hillary's watch."Now the market sees SoftBank as a Trump-related stock and that's because it reacted favorably to their meeting," said Fumio Matsumoto, a fund manager at Dalton Capital in Japan.
And the media cycle continues to feed itself.
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Way to miss the point of the ads completely.
Your disrespect and name calling of HALF of the country that did not vote for your candidate is exactly the reason so many people voted for Trump.
The truth is, Trump has been harping on Apple to bring jobs back to the US for a long time, and Tim Cook has been looking into it since summer as far as I know. You certainly didn't hear other candidates speaking about this matter.
"Such excitement"? You mean stock market antics? No one is expecting this to ever transpire including Trump. Wake up.
Not sure why you felt the need to reply to my thread. I'm aware who Trump is. And if you think Obama hates America, you haven't been paying attention or are just spewing ignorance.
Softbank Vision Fund, where half of the amount is coming from is expected to be at least 45% Saudi dollars from their public investment fund. 25% is from SoftBank. Saudi Arabia is doing this because they look to income outside the oil sector, as they keep the oil price low by high output. Which effectively hampers American oil companies investments in the US.
Foxconn is involved because they plan to expand their limited plants they have in USA. No one has so far claimed that they will produce iPhones at these plants, or any other Apple product for that matter. It is however not unlikely if Apple is able to get cost down through tax cuts and automation that they will, and this is a positioning by Foxconn for Trumps forecasted incentives.
SoftBank also owns Sprint by 83%, which are now cutting jobs to reduce cost by 2 billion usd. They want to buy T-mobile and this may in part be lobbying as for now US regulators have said no.
SoftBank claims that most of the fund will be used for smaller tech startups primarily in IoT related businesses. They already are the owner of ARM Semiconductors, which also are big as licenser of the ARM architecture in the future IoT and other small electronics.
This deal seams more get played than we are the dealer for USA. But there are benefits, hopefully not in the one arms gives while the other hand grabs-kind of way.
Foxconn is involved because they plan to expand their limited plants they have in USA. No one has so far claimed that they will produce iPhones at these plants, or any other Apple product for that matter. It is however not unlikely if Apple is able to get cost down through tax cuts and automation that they will, and this is a positioning by Foxconn for Trumps forecasted incentives.
SoftBank also owns Sprint by 83%, which are now cutting jobs to reduce cost by 2 billion usd. They want to buy T-mobile and this may in part be lobbying as for now US regulators have said no.
SoftBank claims that most of the fund will be used for smaller tech startups primarily in IoT related businesses. They already are the owner of ARM Semiconductors, which also are big as licenser of the ARM architecture in the future IoT and other small electronics.
This deal seams more get played than we are the dealer for USA. But there are benefits, hopefully not in the one arms gives while the other hand grabs-kind of way.
Tunnel vision is ever a problem for Libs. I mean the general optimism and confidence that has been restored for all Americans since Trump was elected. His focus on keeping and creating jobs is just part of the package.
I guess you missed this...
"After Tuesday's meeting, Son said he decided to back American startups because Trump had made deregulation part of his platform."
http://money.cnn.com/2016/12/07/technology/masayoshi-son-trump-softbank-japan/
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I'll drop this quote and link right here for you too:
"After Tuesday's meeting, Son said he decided to back American startups because Trump had made deregulation part of his platform."
http://money.cnn.com/2016/12/07/technology/masayoshi-son-trump-softbank-japan/
You don't mind me being skeptical of his quote. I think I'll do more research to see what information is available about softbank's plans prior to the election. We already know that Foxconn was working on something before the election.
And people said it would never happen...
I'm not 100% faithful this will actually happen, but the fact that FC is actually seriously considering it is enough to prove those wrong.
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I see lots of jobs.
I'm not 100% faithful this will actually happen, but the fact that FC is actually seriously considering it is enough to prove those wrong.
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Foxconn factory where people are payed $2 / hour. Is this really what you want in US?
I see lots of jobs.
Agreed - this is not what it seems on the surface. It may have more to do with Sprint taking over T-Mobile. It was considered a violation of anti-trust laws when they made the attempt in 2014. Trump doesn't care about anti-trust laws if there's something in it for him. In this case it would be political benefit based on hiding the true nature of the deal. Much like the Carrier deal - at first it seemed great, then the details came out and it was nothing but a corporate handout. Carrier even said those jobs will still be eliminated anyway as automation comes in.
I think you're minimizing what he's actually doing. Rarely does a President-elect start claiming they are personally bringing back jobs from oversees and taking credit for plans already in motion. It's one thing to claim your policies are helping the job market or creating green jobs, it's quite another to claim that you are personally influencing specific company policy. If anything, his eagerness to claim responsibility for this and the Carrier plant in Indiana only highlights the fact that he has no coherent jobs policy. It's unfortunate that instead of taking a leadership role and creating new opportunities for people in new industries, Republicans have instead opted to mislead workers into believing manufacturing jobs are ever coming back at the levels required to hire everyone.
You're right but half of the country didn't vote at all and the other half of that half didn't vote for Trump. If you really believe the majority of Americans are optimistic about Trump, you are also living with tunnel vision.
But...he doesn't deserve any credit for this because the plan was already in place. You really think this company approved a $50 Billion plan as soon as Trump was elected?
Half of Americans never vote, so they're satisfied with whatever the status quo is. As for those who didn't vote for Trump, now's their chance to correct their mistake and join in with their happy American fellows!
It's raining soup, grab yourself a bowl!
100,000+ jobs / $100,000,000,000 in committed investment.
Under budget and ahead of schedule.
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Must have missed the part where the SoftBank CEO said the investment wouldn't have happened if Clinton was elected.
Under budget and ahead of schedule.
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Must have missed the part where the SoftBank CEO said the investment wouldn't have happened if Clinton was elected.
It would be interesting to have more details about the who's who in this story - SoftBank bought out ARM Holdings, which in turn was originally a joint venture Apple was part of at the time of its founding, and thus it's widely speculated that Apple is still very much involved since its A-series chips are ARM-ish in nature without any need for a license from ARM Holdings.
For low-income urban areas that kind of job could be a lifesaver. Don't dismiss it just because a low salary is ... low. It's a beginning for many many people, a beginning that they couldn't have otherwise.
Agreed about Foxconn. But I would say Trump has been pushing this idea of Apple coming home for a long time, and I believe Tim asked Foxconn and Pegatron back in July timeframe to look into coming to the US. Pegatron declined but Foxconn did not.
What exactly is Softbank's relationship with Foxconn? Part owner? That seemed like a separate deal to the Softbank deal.