Supply Chain Matters provides a brief update on Foxconn’s formal announcement of a significant investment in a U.S. manufacturing facility. Roughly three weeks since this announcement and there are already differing views and skepticism regarding the viability of this announcement.
High Tech and Consumer Electronics Supply Chain
This week, there is one indication that rumors about a potential product introduction delay for the speculated Apple “iPhone8” model may be unfounded. Then again, we have seen this movie before.
This week, Congressional Republicans and the Trump Administration essentially abandoned the border adjustment tax approach amid a heavy amount of lobbying by various impacted industries. However, Supply Chain Matters advises teams to remain vigilant in a detailed understanding all the elements that make up the supply chain network and remain prepared to be able to assess any political or global trade impacts.
As was speculated by business media this week, Foxconn, the largest global electronics contract manufacturer has indeed made its announcement regarding an initial $10 billion manufacturing investment in the U.S.
Continued reports citing informed sources indicate that global contract manufacturing and LCD manufacturing supplier Foxconn is getting closer to announcing a major investment in U.S. based manufacturing.