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Foxconn Invests $10B in U.S. LCDs

Ambitious bid to create “8K+5G” ecosystems
7/26/2017 06:20 PM EDT
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realjjj
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realjjj   8/8/2017 6:35:54 PM
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(Reuters) - Wisconsin is not projected to break even on a $3 billion incentive package for a proposed LCD screen plant by Taiwan's Foxconn for at least 25 years, a legislative analysis showed on Tuesday.

The bureau based its analysis on Foxconn reaching its threshold of 13,000 employees, Reinhardt said. If the actual employment number was 3,000, the break-even point would be so far in the future that it is "silly to talk about," he said.

http://www.reuters.com/article/us-foxconn-wisconsin-idUSKBN1AO2JQ

The report in PDF http://docs.legis.wisconsin.gov/misc/lfb/bill_summaries/2017_19/0001_ss_ab_1_foxconn_fiserv_legislation_8_8_17.pdf

photonic
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Re: Sharp qly results provide insights
photonic   7/29/2017 8:14:42 PM
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US corporations are very stupid to think they can outsource labor and engineering and still remain competitive world wide.

photonic
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Re: Sharp qly results provide insights
photonic   7/29/2017 1:53:01 PM
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My point is that labor, which includes engineering, will look after their own interest just as corporations do. If US corporations offshore labor for their advantage, I think it is consequently economically inevitable that, world wide, corporations will offshore their labor to the US. Who I see as selfish and short-sighted are US corporations.

realjjj
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Re: Sharp qly results provide insights
realjjj   7/29/2017 3:57:57 AM
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Your point being that people are selfish and shortsighted? Yeah they are and that's why leaders must be better than that.

If you are unemployed in Wisconsin, you should hope for better social security and retraining programs, not social security for corporations, that's what this is. Social security is bad for people that need it for survival and good for corporations that don't require it.

As i note in a previous comment this practice of providing state aid might seem like a good idea on a case by case basis but that's only when it's taken out of context. What is gained with a deal, is lost with all the deals others make. The net result is the state taking money from the people and gifting it to corporations instead of investing it back in its people. And it's a race to the bottom, corporations get more and more. Quality of life decrease, income inequality increase and the free market is less functional as this practice favors larger players.

And this is much much bigger than you imagine. According to the IMF, global energy subsidies were at US$5.3 trillion in 2015. That's just one item on a very long list of corporate welfare.

photonic
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Re: Sharp qly results provide insights
photonic   7/28/2017 8:30:00 PM
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If I am unemployed in Wisconsin and get a job in the LCD fab, I don't care if the LCD market or company fails long term.

asicengineer
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Re: We have been here before
asicengineer   7/28/2017 1:02:08 PM
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Pseudoid,

Just to clarify.  my numbers are units of pools annually installed, not the price of installation, although it is pretty funny that coincedentally the numbers probably look very similar and the point is made either way.

I picked the pool as a luxury item totally at random but then was surprised when I did the web search and found the data was readily available.

Amusingly, I'm not sure if a growing econony would help or hurt this particular LCD factory.  It would help cause more people to buy big TVs, but it might hurt if they all go toward higher end OLED versions.  Overall, I'm going to go with the theory that a rising economy lifts all boats.  

realjjj
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Re: Sharp qly results provide insights
realjjj   7/28/2017 11:45:31 AM
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The LCD TV market hasn't been doing great, 4k has kept units flatish and area growing but content has been lagging behind and a transition to 8k will be difficult.

If mobile phones do get foldable displays, they take some more viewing time away from TVs, leading to longer refresh cycles. Then you got glasses that put an end to it all. Maybe car as a service can be a tailwind for large displays but the TV business is not gonna be fun in the next decade.

This reminded me of an interesting idea for a 99$ AR headset that uses an iphone
https://www.youtube.com/watch?v=w76ESU3XHOg

rick merritt
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Sharp qly results provide insights
rick merritt   7/28/2017 11:22:59 AM
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Based on Reuters' report of Sharp's quarterly results (quoted below) it looks like Sharp is indeed gearing up its TV biz which this US LCD push will fit into.

The big question is whether it has enough heft to effectively compete with Samsung, LG and China Inc. in the REAL leading edge ecosystem of OLED...and whether it will get more tax breaks from Trump than its rivals get from their Korean and Chinese governments.

Here's a piece of the Reuters report on Sharp today:

"With a profit recovery firmly underway, Sharp is preparing to take the offensive to regain lost presence in electronics markets.

It is expanding a sales drive of television sets in China and re-entering the Americas TV market with a high-end brand, as it aims to double global TV sales to over 10 million sets in the business year beginning April 2018.

The liquid crystal display (LCD) maker posted profit of 14.48 billion yen ($130.49 million) for the three months through June, reversing a year-earlier loss of 27.45 billion yen."

 

pseudoid
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Re: We have been here before
pseudoid   7/28/2017 3:21:43 AM
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@asicengineer; LOL to the excellent 'pool installation prices' analogy!

asicengineer
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Re: Confused
asicengineer   7/27/2017 10:45:55 PM
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Pseudoid,

There has been a 30 year meme that manufacturing jobs are the key to a healthy country.  I'm not sure if I believe it, but I do think it is better to test out how we can do on manufacturing rather than just wishfully talking about it, again, assuming the deal is as described where heads we win, tails we don't lose (meaning a tax break, not a co-investment.) Sadly we are not in a position to take on the most precise consumer electronics manufacturing so if this is a step away from that and positions us for a shot at the top tier next time that at least that is a place to begin.

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