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  • "Trump woos Asian firms"

    TECHNOLOGY NEWS | Wed Dec 7, 2016

    SoftBank's Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

    Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home.

    Billionaire businessman Masayoshi Son, also the head of Japan's SoftBank Group Corp (9984.T), pledged a $50 billion investment in the United States, and Apple Inc (AAPL.O) supplier Foxconn said it was in preliminary discussions to expand its U.S. operations.

    Son said on Tuesday, after meeting Trump, his investment would create 50,000 new jobs, a move the U.S. President-elect claimed was a direct result of his election win.

    [...]

    The $50 billion investment, announced jointly by Trump and Son in the lobby of the Trump Tower in Manhattan, would come from the $100 billion tech investment fund the head of SoftBank is setting up with Saudi Arabia’s sovereign-wealth fund and other potential partners, according to the Wall Street Journal.

    "Ladies and gentlemen, this is Masa from SoftBank of Japan, and he’s just agreed to invest $50 billion in the United States and 50,000 jobs," Trump said.

    "He would never do this had we (Trump) not won the election!" Trump later Tweeted.

    [...]

    [Son] also said he expected a lot of "deregulation" under a Trump administration.

    Trump and Son did not give a timeline for the investment. Trump's four-year term will begin after his Jan. 20 inauguration.

    Son's business partner Foxconn issued a brief statement after a report by broadcaster CNBC showing a snapshot of a page held by Son outlining the investment carrying the logos of SoftBank and the Taiwanese firm, formally known as Hon Hai Precision Industry Co (2317.TW).

    The page also showed an additional $7 billion investment and creation of a further 50,000 jobs. (cnb.cx/2he38VQ)

    [...]

    http://www.reuters.com/article/us-us...-idUSKBN13V2LG

    Watts Up With That? | The world's most viewed site on global warming and climate change.

  • #2
    A POTUS interested in creating jobs for Americans: been a long time since we saw that.
    Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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    • #3
      Originally posted by Arnold J Rimmer View Post
      A POTUS interested in creating jobs for Americans: been a long time since we saw that.
      It's almost as if Rick Perry is the President-elect...
      Watts Up With That? | The world's most viewed site on global warming and climate change.

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      • #4
        Woo's the Wu's!

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        • #5
          Originally posted by Mystikeye View Post
          Woo's the Wu's!
          Not if the Hu's or the Chu's have anything to say about this.
          Flag: USA / Location: West Coast

          Prayers.

          BoRG

          http://img204.imageshack.us/img204/8757/snap1ws8.jpg

          https://www.youtube.com/watch?v=5PtsX_Z3CMU

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          • #6
            Originally posted by Salinator View Post
            Not if the Hu's or the Chu's have anything to say about this.
            Yea, but Hu you Chu's to Wu isn't always simple...

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            • #7
              Originally posted by T. A. Gardner View Post
              Yea, but Hu you Chu's to Wu isn't always simple...
              TANSTAAFL = There Ain't No Such Thing As A Free Lunch

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