Foxconn’s Competitive Worries in TV May Not Just Be a Wisconsin Issue — Panjiva


Foxconn’s Competitive Worries in TV May Not Just Be a Wisconsin Issue

China 1758 Info Tech - Tech Hardware 378 Mexico 505 Tariffs 1169 U.S. 3297

Foxconn may repurpose its investment in Racine County, WI as an R&D center rather than an LCD panel factory. CEO Terry Gou has stated that “In terms of TV, we have no place in the U.S. We can’t compete.” That could change if U.S. tariffs on Chinese exports, which accounted for 68.9% of U.S. TVs, monitors and panels in 2018, are introduced. Increased tariffs are conditional on current trade talks failing, which U.S. TV importers may have anticipated with a 24.2% year over year jump in U.S. imports from China in 4Q 2018. Foxconn may already be falling behind its competito...

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