Softbank to Invest $50 Billion in the U.S. to create 50,000 new Tech Jobs and Somehow Foxconn is Included in the Deal
Last week Patently Apple posted a report titled "The Chinese Seem Eager to Open Plants in the US instead of Whining like some in Silicon Valley." Today more blockbuster news came to light about new jobs coming to the U.S. SoftBank, one of the largest Japanese companies who owns Sprint, ARM, the technology that goes into every iOS device and many other high profile companies met with President Elect Donald Trump today and announced that he'll be investing $50 billion dollars in the U.S. that will create 50,000 new tech jobs.
What was interesting, if not a bit of a buzz, was the paperwork from Trump's meeting with SoftBank also featured the logo of Foxconn (as noted in our cover graphic), also known as Hon Hai, a supplier for Apple's iPhones. It was unclear what role Foxconn would play in the deal.
Patently Apple posted a report in October titled "Foxconn and ARM to Create Chip Design Center in Shenzhen where Apple is Building a new R&D Center." In that report we also presented the photo above showing how Foxconn and Softbank's owner are in tightly together on a new chip design center and in robotics with a new line called Pepper.
If Foxconn was on the paperwork discussed with Trump, it's no accident. Perhaps the preliminary groundwork that Apple's CEO did back in June about an iPhone plant in the U.S. with Foxconn is actually on the drawing board. That would be a mind blowing development and a huge win for President-Elect Trump and American workers.
Yesterday Trump met with Al Gore. While Climate Change was one of the topics on the table, more than likely Gore, who sits on Apple's board of directors, also talked about Apple matters. You could read more about Softbank in the latest WSJ report posted this afternoon.
In a second development today President-elect Donald Trump has invited technology industry leaders to a roundtable next week in New York.
The invitation for the Dec. 14 summit was sent by Trump's chief of staff Reince Priebus, Jared Kushner, Trump's son-in-law, and transition team adviser Peter Thiel. Among the CEOs who plan to attend the meeting are Cisco CEO Chuck Robbins and Oracle Co-CEO Safra Catz.
The tech industry, which bet heavily on Hillary Clinton in the months leading up to the presidential election, is looking to build bridges to the incoming administration.
Trump wants to work with Silicon Valley and those that are serious will work with Trump minus the whiners, loonies, and hysterical tech leaders like HP's Meg Whitman who foolishly stated that Donald Trump was a threat to Democracy. Surely her board of directors have to be thinking of dumping such a foolish executive. She's bad for business with that type of temperament and judgement.
At the moment, President Elect Trump is on a roll and I'm sure that he'll work with the leaders of Silicon Valley to create jobs and opportunities that will make America Great Again as promised. Today's announcement for sure was a grand slam out of the park announcement – and he's not even President yet.
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