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Foxconn, Other Asian Firms Consider Mexico Factories As China Risks Grow (reuters.com) 21
According to two of the sources, Foxconn has plans to use the factory to make Apple iPhones. However, one of the sources said, there had been no sign of Apple’s direct involvement in the plan yet. Foxconn is likely to make a final decision on a new factory later this year, and work will commence after that, the two people said, adding there was no certainty the company would stick to the plan. Pegatron is also in early discussions with lenders about an additional facility in Mexico mainly to assemble chips and other electronic components, said the people, who declined to be identified as the talks are confidential. Pegatron declined to comment. Foxconn has five factories in Mexico mainly making televisions and servers. Its possible expansion would underscore a broader and gradual shift of global supply chains away from China amid a Sino-U.S. trade war and the coronavirus crisis.
- ... we built for them to keep US out.
Re:Soon they’ll be using the wall… (Score:5, Insightful)
by ghoul ( 157158 ) on Monday August 24, 2020 @05:46PM (#60437451)If Mexico had been building the wall it would have been done by now…..
- Mexico understands that no wall is ever going to be effective against anyone determined to cross the border.
- by znrt ( 2424692 )
i’d love the irony that trump had finally ended up creating jobs
- by SuperKendall ( 25149 ) on Monday August 24, 2020 @05:40PM (#60437423)
One great aspect of manufacturing money pouring into Mexico, is that maybe with another large source of money besides the drug trade, it could help diminish the influence of the drug cartels [escholarship.org] in the Mexican government…
It’s also inherently better to have stronger neighbors, and people worried about illegal immigration would have a lot less to worry about if there was no economic pressure to leave Mexico and go to the U.S… in fact if Mexico was dong really well, it could be the next Canada in terms of attracting Expats who liked a warmer climate than Canada offers.
Best way to reduce cartels is legalization (Score:5, Insightful)
by ghoul ( 157158 ) on Monday August 24, 2020 @05:45PM (#60437445)As long as the worlds largest drug addict nation is next door there will be demand for drugs. Only way to avoid criminals running the business and killing people in drug wars is to legalize all drugs in the US. Will never happen as many of the black agencies in the US raise their funds via drug trafficking but blaming Mexico and its poverty for drug cartels is a strawman.
As long as the worlds largest drug addict nation is next door there will be demand for drugs.
I totally agree there, I don’t mean to say the money drug cartels collect would diminish. Only that manufacturing moving into Mexico in a big way would give some other industry some parity – also also job opportunities that were not working in the drug industry.
- by ghoul ( 157158 )
Manufacturing in Mexico actually helps the drug cartels. before NAFTA the primary route for smuggling drugs into the US from Columbia was via the Caribbean. Once NAFTA got signed and car factories got setup in North Mexico the amount of truck traffic across the border exploded. It was no longer possible to check for drugs at the border so the best route for smuggling drugs in the US became the US-Mexico border and the Columbians became suppliers to the Mexican cartels.
So more manufacturing in Mexico helps t
Legal opium trade sure did nothing bad to Chinese in 19th century. And besides, the Mexican drug cartels are selling drugs to Mexicans and are increasingly engaging in all sorts of domestic illegal activities ranging from racket, kidnapping, and even pilfering oil pipelines. Mexico is a borderline failed state, always has been. The old traditional face-saving argument “We would be fine if gringos stopped buying our drugs” is a load of BS.
- by ghoul ( 157158 )
You set up a strawman “We would be fine if gringos stopped buying our drugs”. Thats exactly opposite of what I am saying.
The gringo is never going to stop buying drugs so let the Gringo companies run the drug trade as a regulated trade. No cartel is going to be able to compete with the likes of Coca Cola and Zuckerberg both experts at selling addictive products.
Criminals make lots of money from drug trade which lets them corrupt the govt and it leads to a failed state. If people are going to shoot it up any
Taiwan Risk (Score:5, Interesting)
by ghoul ( 157158 ) on Monday August 24, 2020 @05:42PM (#60437429)I would call it that Taiwan risk is growing rather than China risk. China is currently dependent on Taiwan for chip manufacturing and other tech. So despite all the rhetoric Taiwan is safe. However Trump administration is forcing a decoupling of Taiwan and China through sanctions on Taiwanese companies doing business with China. Which means the costs to China of simply invading and taking over are going down. At some point the balance will tip and China will launch Operation Reunification. Taiwanese companies have seen the writing on the wall and are trying to build factories outside of Taiwan.
- Make Mexico Great Again?
- by ghoul ( 157158 ) on Monday August 24, 2020 @05:47PM (#60437455)
Make Texas Mexico Again?
Wait a minute! (Score:4, Interesting)
by fustakrakich ( 1673220 ) on Monday August 24, 2020 @05:45PM (#60437443) JournalDon’t they have that nice big empty lot near Milwaukee?
- by Jyjon ( 7073569 )Yes, they do, but it’s not a log, it’s a factory the built but pulled out of and won’t be using. Which then begs to be asked, why should we believe they’re serious about a factory. It’s more likely they’re fishing for kickbacks.
I know he doesn’t actually have authority to do anything, but he should get on TV and say some insane bullshit about banning iPhone if Foxconn doesn’t move here. Just the chance that the FUD could send factories here is worth it.
If only Foxconn had a factory [wikipedia.org] and other still empty buildings [theverge.com] in, say, Wisconsin
- There was never going to be a factory there, it was just political bullshit. A building is useless if you cant find labor and you can’t in developed world for this type of work. The job is utter shit, worse than amazon warehouse, who in their right mind would want to do it?
- Infusing the Mexican economy can do nothing but good for not only the Mexican national economy, but for North and Central America in general as well. The jobs that will create in Mexico will mean fewer Mexican nationals wanting to cross over into the United States looking for work, and that may well weaken the grip the drug cartels will have on Mexico in general. Perhaps even the Federales will be less inclined to collaborate with the drug lords when protecting companies like Foxconn is more important. Coul
- Cracks about Alabama aside, the US is a first world country, and people who live here have first world expenses that make competing with places like China and Mexico impossible. Sure, it’s more expensive to live in SF, CA than Ozark, AL, but there’s not a place in the US that can compete with the cost of living in Nogales. You want factories to come back here, get rid of the minimum wage and get Americans to accept a job at 40 cents an hour, or whatever Foxconn was paying workers in China. Maybe Mexican
- by ghoul ( 157158 )
You do know that the cost of Chinese workers has risen to 4 dollars and hour and the Chinese factories have automated the shit out of the factories to avoid getting outcompeted by Vietnam and India on cost. China doesnt compete only on cost anymore. China also has the world’s cheapest power. Dont see Mexican factories being able to compete with China on cost as they have more expensive power, less automation experience, higher shipping costs (most of the components are made in Asia so moving end assembly cl
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