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Foxconn Denies Plans to Expand US Presence

With unemployment close to 8 percent, you can understand why this headline would grab peoples' attention. A story in Digitimes reports that Foxconn is scouting prospective sites in the United States for future manufacturing plants.

I was skeptical about this story -- which talks about production of LCD TVs, not iPhones -- and that might have been the end of it.

But maybe it's not quite as crazy as it seems. A spokeswoman for Foxconn told me in an e-mail that the company "already has multiple facilities based in the U.S." but she also went on to say that "there are no current plans to expand our operations there at this time."

Source: CNet. Read full article. (link)

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  • Thane of Whiterun||

    Sounds like they might have been forming a contingency plan for a Sino-American trade war under Romney, and with Obama elected (and a MANDATE for all his AWESOME regulations) it was no longer needed or desired.