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|Foxconn CEO says investment for display plant in U.S. would exceed $7 billion - |
Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to put "America First" in his inauguration speech on Friday, prompting Gou to warn about the rise of protectionism and a trend for politics to underpin economic development. Foxconn's proposal to build a display plant, which would be planned with its Sharp Corp unit, depend on many factors, such as investment conditions, that would have to be negotiated at the U.S. state and federal levels, Gou told reporters on the sidelines of a company event.
Sun, 22 Jan 2017 08:46:23 -0500
|UK's May looks to boost technology industry as she eyes life after Brexit - |
The government's plan to reshape Britain's economy to adapt to Brexit will be announced next week, Prime Minister Theresa May said on Sunday, highlighting technology as one growth sector and setting out a new technical education strategy. May has made rebalancing the heavily services-based economy one of her top priorities since coming to office last July, as a way to deal with the economic impact of Britain's exit from the European Union and re-engage with disillusioned working class voters. On Monday ,she is due to publish an outline of the government's plans for a "modern industrial strategy" in a consultation document which will seek the views of industry.
Sun, 22 Jan 2017 06:41:56 -0500
|China sets up $14.6 billion internet investment fund: Xinhua - |
By Dominique Patton BEIJING (Reuters) - China has set up a 100 billion yuan ($14.55 billion) fund to support investment in the internet sector, said official news agency Xinhua on Sunday. The fund, backed by China's cabinet, is designed to help turn China into a major player in internet technology, said the report. An initial 30 billion yuan has already been raised from major banks and telecoms firms including ICBC, China Mobile and China Unicom.
Sun, 22 Jan 2017 02:20:23 -0500