After Foxconn's Intensive Investment Statement in the U.S., China's Premier Calls on Foxconn to Invest more in China
Patently Apple posted a report in late April titled "Foxconn to make 'Capital Intensive' Investment in the U.S." wherein we noted that Foxconn's Chairman noted that their proposed "project will include both capital-intensive and skilled labor-intensive and high-tech investment." That seemed to anger some in China. It's being reported today in Taiwan that "China's Premier Li Keqiang has called for Foxconn Electronics to place its high-end research and development projects and even its whole industrial chain in China. Li made the remarks during a visit to a Foxconn production hub in Zhengzhou, Henan yesterday.
Foxconn chairman Terry Gou, who just wound up his visit to the White House recently and had talks with the US government over possible investments in the US, greeted and chatted with Li personally.
Li is reportedly to have told Gou that the China government will continue to enhance its opening-up policy and optimize its business environment. Li also noted that China is a huge market and has abundant human resources, which makes it one of the best destinations for investment in the manufacturing industry.
Li's visit to Foxconn and his remarks on China investment indicate that China hopes to sustain Foxconn's focus on the country, according to industry sources.
Japan-based Sharp, of which Foxconn currently holds over a 66% stake, is likely to fulfill the LCD display plant on behalf of Foxconn in the US, according to Chinese-language Commercial Times report.
Sharp is ready to dispatch an investigating mission to conduct a face-finding tour to the US, where at least six federal states have offered incentive proposals to solicit Foxconn to make investments in their individual states, said the paper.
The Commercial Times lastly noted that "Sharp is likely to made a decision in September."
In the end it appears that China's Premier Li Keqiang is trying to use Donald Trump tactics in China to keep jobs from leaving.