Factory finish Oct 23, 2020 (WiC 515)
“Foxconn will work as a partner with those who treat the company as a partner”
Foxconn founder Terry Gou says completion of an LCD factory in Wisconsin hinges on whether local US government support is forthcoming. On October 12 the Midwestern US state denied the first payments in envisioned subsidies of $3 billion for the project. The tech investment by the Taiwanese giant was hailed three years ago but Foxconn has since scaled back its ambitions from making large screen TVs to smaller touch screens.
Seoul searching Oct 9, 2020 (WiC 514)
“The hurdles are just too high”
Bae Young-ho, a researcher at the Korea Federation of SMEs in Seoul, said that in a survey his organisation conducted around 70% of Korean firms manufacturing in China had no intention of reshoring production home. Bae blamed Korea’s rigid labour market and environmental regulations.
Still ticking Oct 2, 2020 (WiC 513)
“TikTok has proferred unrebutted evidence that uncertainty in TikTok’s future availability has already driven content creators and fans to other platforms”
From the ruling by Justice Carl Nichols of the US District Court in Washington, who granted an injunction on Sunday against the Trump administration’s download ban on the Chinese app in a victory for its owner Bytedance.
Vision 2020 Sep 25, 2020 (WiC 512)
“Whether from the perspective of sales volume or the capital market’s interest, 2020 marks the first year of smart cars”
He Xiaopeng, founder of electric car firm XPENG Motors, posted this comment on his WeChat account, garnering much online discussion. He wrote that 2020 is to smart EV cars what 2010 was to smartphones – that is, the takeoff year.