In interview comments yesterday, Apple Inc. (NASDAQ: AAPL) CEO Tim Cook indicated that Apple would fire-up at least one U.S. manufacturing line next year. A natural candidate to do the work is Hon Hai Precision Industry Co., aka Foxconn, which currently employs more than 1.5 million manufacturing workers at its Chinese facilities.
The company also owns plants in California and Texas that employ about 3,000 workers. What Foxconn builds in those plants has not been revealed, and besides Apple, the Taiwanese firm also builds devices for Dell Inc. (NASDAQ: DELL) and many other brands.
Foxconn likely would want to expand its U.S. manufacturing capabilities to take advantage of recent moves by companies to bring manufacturing back to the United States. Variously called “reshoring” or “onshoring” or “insourcing,” manufacturing costs in the U.S. are falling as labor costs and energy costs drop. In a recent study by…
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