Foxconn

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Last quote about Foxconn

Gary Gereffi
The closer they get to big markets like the U.S. or Brazil, the less they have to worry about import taxes or other barriers.feedback
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Sep 20 2017
You can find on this page a variety of quotes, by one or many people, on what they said about Foxconn. 56 people are quoted and you can read 86 citations of them about Foxconn. Terry Gou, Donald J. Trump and Peter Barca, are those who have spoken the most about this topic. Terry Gou said: “It is not a done deal yet. I believe there is still a chance for Foxconn.”.
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Dennis Wiser

The potential for jobs is enormous. But there are a lot of ground-level details and answers have not been forthcoming.feedback

Joe Chrisman

WEDC cannot be certain about the numbers of jobs created or retained as a result of its awards.feedback

Timothy Bartik

States should always be skeptical of any job projections. That's why incentives should contain provisions to limit the costs per job-year, and to claw back incentives if a company leaves.feedback

Bill Keyes

Our government is willing to sacrifice things like the environment that are irreplaceable to the people, just for commerce. These rules on the environment are hard-won victories, and they're being ignored, like they don't mean anything. When I think about a company coming in and filling in the wetlands. Nobody should be allowed to do that. It's wrong.feedback

Susan Myres

Right now I have more questions than answers. It sounds like it's going to be a company that will come in and bulldoze everything. How is it going to change the landscape here? It's hard to comprehend.feedback

Peter Barca

The economic opportunities are enormous. The housing industry would blossom. The construction industry would be booming. Virtually every construction company would have a piece of the action.feedback

Ronald Kammerzelt

At first glance, it sounds like it would be good for the area in terms of providing living-wage jobs.feedback

Scott Fitzgerald

We want to see milestones, or certainly some kind of schedule on the job creation.feedback

Peter Barca

The fiscal analysis released today creates new questions on the state's cash flow and on the state's ability to ensure a good return on the investment for taxpayers.feedback

Alan Tonelson

[The Foxconn news] very well could be a big win for Trumpian trade policy because Foxconn's chairman, Terry Gou, specifically said that he decided to make this investment because he was worried about the threat of U.S. tariffs. And he's not the only CEO to say this.feedback

Donald J. Trump

I've never witnessed such hatred for a man who is willing to work for free to make his beloved country a better place. Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing… and don't forget that Foxconn will be spending up to 10 billion dollars on a top of the line plant/plants in Wisconsin. Excellent Jobs Numbers just released – and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!feedback

David Crowley

It's kind of hard to be for or against this when you don't have enough information.feedback

John A. Challenger - Challenger, Gray & Christmas

Job cuts have slowed significantly as we reach mid-year. This month's total was the lowest July total since 23,238 cuts were recorded in July 1995. Maybe some of these hiring announcements are just some of the exuberance that comes late in an expansion. But it may also be that some of the decision makers who decide whether to build a new plant or launch a new product or hire new people are becoming more comfortable that the recession is not imminent.feedback

Donald J. Trump

He told me off the record he thinks he may go US$30 billion. Think of this. He may go 30-billion-dollar investment, but he told me that off the record so I promised I wouldn't tell anyone.feedback

Donald J. Trump

He told me off the record, he thinks he may go to $30 billion.feedback

Ryan Billingham

It's hard to throw a rock without hitting a wetland. It's shocking to us in its extreme.feedback

Tom Evanson

We can preserve our natural resources & help businesses create jobs, economic opportunity for the people of WI. The two aren't incompatible.feedback

Donald J. Trump

This is a great day for American workers and manufacturers and for everybody who believes in the concept and the label Made in the USA. The construction of this facility represents the return of LCD electronics and electronic manufacturing to the United States, the country that we love, that's where we want our jobs. To make such an incredible investment, [Foxconn Chairman Terry] Gou put his faith and confidence in the future of the American economy. In other words, If I didn't get elected, he definitely would not be spending $10 billion.feedback

Christopher Balding

I think it's the dream of every mayor, governor, and every political leader not just in the United States, but all around the world, that we're going to turn ourselves into the next Silicon Valley. If you look back on places where there is an industrial cluster, a lot of times there is a seed in getting the ball rolling. It's totally possible that the Foxconn factory is the seed that gets the ball rolling on an industrial cluster. However history also tells us that there are more of these events that don't result in an industrial cluster.feedback

Eli Friedman

Silicon Valley became what it is today precisely at the moment that production was leaving, much of it headed to Asia. The intellectual property associated with manufacturing that takes place in Wisconsin will be owned by Foxconn or whichever brand Foxconn is supplying, and there is little reason for the company to relocate R&D or other high skilled, highly paid jobs.feedback

Christopher Balding

Wisconsin can only have so many $10 billion plant investments before they face a real budgetary problem.feedback

Charlie Sykes

It could have been one of his best weeks with the Foxconn announcement. But this has been his worst week ever and everything that has happened has been self-inflicted. You have a White House in meltdown because the president is a pyromaniac. The thing that's got to rattle Republicans is the damage he's doing to the administration, to the party and to the country.feedback

Andy Tsay

The incumbents of whatever party is in office will always be happy to take credit on their watch.feedback

Timothy Bartik

Incentives are still far too broadly provided to many firms that do not pay high wages, do not provide many jobs, and are unlikely to have research spin-offs. Too many incentives excessively sacrifice the long-term tax base of state and local economies. Too many incentives are refundable and without real budget limits. States devote relatively few resources to incentives that are services, such as customized job training.feedback

Rick Snyder

You have to ask what price is Wisconsin paying to get them to come there?feedback

Carl Davis

This is not a comprehensive strategy for economic development. If Wisconsin were going to offer this kind of subsidy for every employer within its borders, the state would be bankrupt.feedback

Jared Walczak

Obviously, there is a strong desire for the state to land a company as big as Foxconn. But they're also forgoing the opportunity to make a more competitive landscape for other businesses.feedback

Timothy Bartik

It's a very, very costly package, and I'm skeptical that the benefits justify such big incentives. This is well beyond the typical deal.feedback

Greg LeRoy

We can only describe this as a gift from Wisconsin taxpayers to Foxconn shareholders.feedback

Jennifer Shilling

The bottom line is this company has a concerning track record of big announcements with little follow through. Given the lack of details, I'm skeptical about this announcement and we will have to see if there is a legislative appetite for a $1 to $3 billion corporate welfare package.feedback

Rick Snyder

As a practical matter, you have a situation where a bill's going through the Legislature. Doesn't it make sense that I should be talking to Republicans and Democrats and trying to work together on getting something done? I thought that's how the legislative process should work. I'm not focused on partisanship. I'm focused on getting good jobs for Michiganders.feedback

Gideon D'Assandro

If a deal takes good bills and Republican priorities off the table, then it could be bad policy. ... That is why House Republicans need to get those answers from the governor.feedback

Terry Gou - Foxconn

It is not a done deal yet. I believe there is still a chance for Foxconn.feedback

Terry Gou - Foxconn

This time we go to America, it's not just to build a factory, but to move our entire supply chain there. In the U.S., the state governors' sincerity and confidence to attract investment ... is beyond my imagination.feedback

Tai Jeng-wu - Sharp Corporation

We will continue our efforts. We will use our track record, our efforts at Sharp, Foxconn's global reach - we are a global company, not a Taiwan company.feedback

Tai Jeng-wu - Sharp Corporation

It is one of the six we are considering. We are hoping to (make a decision) as soon as possible.feedback

Masayoshi Son

It is true that we have received various consultations, but we are not the main player. This is a deal that should be mainly studied by Foxconn and Apple.feedback

Terry Gou - Foxconn

After we select the location, the White House will make an announcement.feedback

Satoshi Tsunakawa

Tokyo Stock Exchange rules say that if it decides to delist a company, then it obviously thinks the stability of the market is threatened if it's not delisted immediately. So we will do our utmost to avoid being delisted.feedback

Mark Newman - Sanford Bernstein

The jobs would move to China from Japan, and furthermore China would go after market share at the expense of crushing industry economics, so the U.S., Taiwan, Korea, Japan all get hurt substantially by this arrangement.feedback

Hiroshige Seko

It is fundamentally unthinkable that the Industry Ministry would intervene and take some kind of action.feedback

Alberto Moel - Sanford Bernstein

It actually puts the onus on the U.S. in a way. They are saying: 'I'm along for the ride. Here's my proposal.feedback

Alberto Moel - Sanford Bernstein

The government themselves aren't going to remind you of that, Trump has no intention of helping you remember that. What's the downside?feedback

Mark Selden

They are scrambling to look good. It's a sign of the pressure that Trump is placing on everyone in the world to deliver on his agenda.feedback

Scott Andes

The proof is always in the pudding. But it is important to be skeptical. I would hope it's not just smoke and mirrors with Foxconn or any other of these companies.feedback

Terry Gou - Foxconn

I cannot say we are for sure getting it, but we are very confident. We are also very sincere. Money should not be the only thing (for Toshiba) to consider... We can help its technology to be sold in products all over the world. That is Foxconn's advantage. Because we have the experience with Sharp, we think if Toshiba goes to us, we are its client, its user. We would even invite it to set up a factory in China. It can keep its core technology in Japan but it is about expanding capacity.feedback

Ben Wood - CCS Insight

Having Foxconn as one of its backers gives HMD Global an advantage of some rivals. As the biggest contract phone manufacturer in the world it can offer scale advantages and access to the latest technology which should help HMD Global to offer strong devices in the fiercely competitive Android smartphone market.feedback

Masayuki Kubota - Rakuten Securities

Usually in a corporate turnaround plan, the company would keep its most competitive business after selling non-performing businesses. This turnaround plan gives no hope for Toshiba's future.feedback

Mark Newman - Sanford Bernstein

The NAND business is the only one with value, as it makes up all of the semi-conductor profits, which comprise 75 percent of the overall company's profit. I won't be surprised if they sell another 20 percent in a few years time and then another 20 percent.feedback

Brian White - Drexel Hamilton

Both countries need each other a lot. Foxconn, for example, employees a million people working on Apple products in China. We, as consumers – the vast majority of consumers in the U.S. – enjoy lower prices. Both countries are winning based on the way things are set up.feedback

Terry Gou - Foxconn

I thought it was a private conversation, but then the next morning it was exposed. There is such a plan, but it is not a promise. It is a wish. Automation, software and technology innovation will be our key focus in the US in the coming few years.feedback

Terry Gou - Foxconn

The rise of protectionism is unavoidable. Secondly, the trend of politics serving the economy is clearly defined.feedback

Hannes Niederhauser

If we develop poorly and our share price falls significantly I expect that Foxconn will do a full takeover.feedback

Colin Gillis - BGC Partners

I do believe that some manufacturing may come back to the United States, primarily because of the fact that president-elect Donald Trump is going to twist Apple's arm. And there's been reports that Foxconn is reviewing being able to assemble plants, and it would be a good thing.feedback

Neil Campling - Northern Trust

If the world moves to a more nationalistic approach 'made in America, by Americans, for Americans' or 'made in China, by Chinese, for Chinese'? The unwind of these variable conditions will likely impact margins, growth and suppliers exposed to the globalization trend of the last decade. The same will likely make global tech a tougher place to invest in 2017.feedback

Kavin Bharti Mittal - Mittal

I'm thrilled to announce this new milestone in our journey. Tencent and Foxconn both have pedigrees that speak for themselves and such an investment especially in today's market just goes to show the strong foundation on which Hike is being built. The new fund raise is going to allow us to push Hike to greater heights and invest in areas that will be key to our long term vision and success.feedback

Terry Gou - Foxconn

I'm not going to sugar-coat the challenges. But I have a clear roadmap in my heart.feedback

Toyodo Uemura - Sharp Corporation

Sharp and Foxconn have not set a signing date. Both companies are working hard to reach a satisfactory agreement as soon as practically possible.feedback

Atul Goyal

That puts the entire deal in jeopardy. This is especially so given the dramatic back and forth that happened between Sharp and Foxconn in 2012, when Foxconn agreed to acquire a stake in Sharp but then later walked away.feedback

Gavin Parry

Sharp has the know-how to construct out the elements to compete with Samsung as an Apple supplier, because of this that with Sharp under its umbrella Foxconn can assist Apple wean itself off Samsung. this gives Foxconn better pricing energy with Apple.feedback

Teruo Asamoto

Hon Hai's vast network of clients can help absorb Sharp's LCD panel output. Hon Hai, for its part, can consolidate its position as a contract manufacturer by taking in Sharp's display technology.feedback

Terry Gou - Foxconn

We don't want to destroy this company. We want to keep this company for another 100 years. Working together with us is the right decision.feedback

Huang Jun - Foxconn

In the past, from the time we started work until when we finished, we would not really have a break. But now we have been given time to rest.feedback

Mary Williams

It's my responsibility to make sure the company that I support also supports good labour practices.feedback

Adrian Mowat - JPMorgan Chase & Co.

China is very challenged demographically – we are seeing a shortage of labour for manufacturing and companies like Foxconn and Honhai need to move outside China in order to get access to lower costs.feedback

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