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Foxconn founder: US expansion might top $10 billion

Published: Thursday, June 22, 2017 @ 4:06 AM
Updated: Thursday, June 22, 2017 @ 4:05 AM


            FILE - In this Sunday, Feb. 24, 2013, file photo, Foxconn Technology Group Chairman Terry Gou waves as he arrives at a hotel in Beijing. Gou says there is ‘still a chance’ the Taiwanese electronics giant might be able to buy Toshiba’s chip business despite the Japanese company’s choice of another bidder as its preferred buyer. (AP Photo/Andy Wong, File)
FILE - In this Sunday, Feb. 24, 2013, file photo, Foxconn Technology Group Chairman Terry Gou waves as he arrives at a hotel in Beijing. Gou says there is ‘still a chance’ the Taiwanese electronics giant might be able to buy Toshiba’s chip business despite the Japanese company’s choice of another bidder as its preferred buyer. (AP Photo/Andy Wong, File)

The chairman of Taiwanese electronics giant Foxconn said Thursday it may spend more than $10 billion to set up manufacturing in the United States, and will announce investment plans by early August for at least three states.

Terry Gou gave no new information about where Foxconn will locate a U.S. display panel factory he said in January would cost up to $7 billion to build. That announcement triggered a flurry of lobbying by state leaders hoping to attract the investment, which he said might generate as many as 50,000 jobs.

Foxconn is the biggest contract manufacturer of smartphones and other devices for Apple, Sony, Blackberry and other brands. Its success has made Gou Taiwan's richest businessman. The company raised its profile with its purchase in March 2016 of struggling Japanese electronics brand Sharp for $3.5 billion.

The company plans to develop operations in the U.S. that combine hardware manufacturing and software development in technologies including artificial intelligence and automation, Gou said at a meeting with shareholders. Asked later at a news conference how much Foxconn might invest during the five-year plan, he said it might exceed $10 billion.

Foxconn has been in touch with the White House and expects to conclude negotiations by the end of July or early August, Gou said. He said the first investment agreement should cover at least three states, with at least three others to be added later.

The display panel factory, if built, would be a political trophy for U.S. President Donald Trump, who has promised to revive American manufacturing in the Midwest.

Gou mentioned Ohio, Pennsylvania, Michigan, Illinois, Wisconsin, Indiana and Texas as manufacturing states with which Foxconn hopes to work but gave no indication whether any of them might be in the investment agreement. Gou said in January that Pennsylvania was the leading candidate for the panel factory, which would work with Sharp.

Details for each state were not settled, but overall, "we will provide at least tens of thousands of job opportunities," said Gou at the news conference.

Expansion into the United States would reduce Foxconn's reliance on China, where it has the bulk of its operations and employs about 1 million people.

Also Thursday, Gou said there is "still a chance" Foxconn might be able to buy Toshiba Corp.'s memory chip business despite the Japanese company's choice of another bidder as its preferred buyer.

Toshiba said Wednesday it picked a bid totaling about 2 trillion yen ($18 billion) by a U.S.-Japan consortium. Toshiba is selling the lucrative operation due to losses at its U.S. nuclear power unit, Westinghouse Electric Co.

"It is not a done deal yet. I believe there is still a chance for Foxconn," Gou said.

He noted that Toshiba's choice of the U.S.-Japanese consortium faced opposition, including from Japanese banks.

Western Digital of the United States also opposes the choice. It owns SanDisk chip operations that have a joint venture with Toshiba in Japan and says the company has no right to transfer that venture without the American partner's consent.

Western Digital said it filed a request for arbitration last week. Toshiba has accused Western Digital of interfering with its sales efforts.

___

McDonald reported from Beijing.

Entire city of Greenville under boil advisory

Published: Saturday, November 18, 2017 @ 6:09 PM

Residents must boil tap water before using for drinking, making ice, washing dishes, brushing teeth and preparing food until further notice.

The boil water advisory applies to the entire City of Greenville Public Water System.

Tap water should be brought to a rolling boil for at least one minute, according to a release issued Saturday evening.

The advisory was issued due to high turbidity, or cloudiness, in the water supply.

The water plant routinely monitors water for turbidity to make sure it is properly filtered. Samples taken Saturday had higher levels for about seven minutes due to a mechanical failure. 

“Because of the elevated turbidity, there is an increased chance that your drinking water may contain harmful microbes,” the release stated.

Crews are in the area to collect water samples.

The boil advisory likely will remain in effect for the next three or more days until the quality of the water can be determined.

For more information, contact the City of Greenville Water Department at 937-548-2415 or the Greenville Utility Billing Department at 937-548-1815.

Weekend plans? Know how the weather will impact you

Published: Friday, November 17, 2017 @ 11:02 AM

Meteorologist Kirstie Zontini has the latest on this weekend's storm system.

A complex storm system will move in to the Dayton area late Friday night, bringing with it a weather mix that will impact most of the Miami Valley this weekend, according to StormCenter 7 Meteorologist Kirstie Zontini.

 >>Get WHIO’s free Weather App: Hour-by-hour forecast anytime, anywhere 

Here are a few things to keep in mind to stay prepared:

  • Heavy rain late Friday night, Saturday afternoon--ponding on the roads and reduced visibility will make driving challenging, and raise your risk of hydroplaning.
  • Winds will be gusting Saturday afternoon and evening. Isolated power outages are possible. Holiday decorations and lawn furniture could be blown around or damaged. 
  • Cold air will move in quickly, a 20-degree drop is expected by Sunday morning. Below freezing temperatures, light snow flurries are possible. Accumulation should not be an issue, but icy spots on roads Sunday morning are possible.

 >>Live Interactive Radar

 

Weather satellite JPSS-1 successfully launches 

Published: Friday, November 17, 2017 @ 2:07 AM
Updated: Saturday, November 18, 2017 @ 7:35 AM

Launch Coverage of Joint Polar Satellite System (JPSS-1) from Vandenberg AFB, California.

UPDATE @ 7:27 a.m.

JPSS-1 successfully launched into orbit Saturday morning at 4:47 a.m., according to Storm Center 7 Meteorologist Kirstie Zontini.

Once it reaches its final orbit, it will be renamed NOAA 20. There are about 3 months of tests then the data it collects will be used officially. This satellite was built to operate for seven years.

EARLIER REPORT

NASA, in partnership with the NOAA, will launch a satellite Saturday that will help improve weather forecasts.

The satellite launch was scheduled for earlier this week, but was postponed twice.

The launch for the JPSS-1 satellite is scheduled at 4:47 a.m. Saturday, according to NASA.

A live stream of the launch will be available on NASA’s website starting at 4:15 a.m.

WATCH: Live stream of NOAA JPSS-1 weather satellite 

The satellites will help improve NOAA forecasts for the three to seven day time frame. The data collected from the JPSS is fed into the numerical forecast models to help improve them. The satellites will also collect atmospheric measurements, ground conditions and ocean conditions like vegetation, hurricane intensity, and atmospheric moisture. 

The JPSS-1 will be launch from Vandenburg Air Force Base in California pending proper flight conditions. The launch was originally scheduled for Tuesday, but was delayed until today.

>> WHIO Doppler 7 Interactive Radar

This satellite is a polar orbiting satellite which means it will orbit the earth from the one pole to the other passing the equator 14 times a day. Full coverage of the planet will be provided then twice a day.

JPSS-2 is planned to launch in 2021 and JPSS-3 and JPSS-4 are anticipated to launch in 2026 and 2031.

Stabbing victim flown to hospital; Springfield crews search for suspect

Published: Saturday, November 18, 2017 @ 3:04 AM

Springfield police are searching for a suspect after a man was stabbed in the chest, according to Springfield Sgt. Michael Curtis.

Crews were dispatched to the 1100 block of Water Street around 11:40 p.m. Friday on a report of a stabbing. 

Officers arrived to find the victim coherent and unable to recall the events leading up to the stabbing, according to Curtis. 

Curtis said a medical helicopter took the victim from the scene to Miami Valley Hospital where he remains in an unknown condition. 

Aided by a K-9 unit, Springfield officers were unable to locate a suspect at the scene. 

The incident remains under investigation.

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