8 Billion China Plant Amid Trade War Woes

Taiwan’s Foxconn is exploring the sale of its new $8.8 billion (roughly coque iphone 5 cree Rs. coque samsung coque iphone coque huawei coque iphone 5 pas cher 61,200 crores) display panel factory in China, people coque iphone 4 labyrinthe familiar coque harry potter samsung a70 with the coque iphone moche matter coque iphone 8 plus 2pac told Reuters, as demand for the product nettoyage coque iphone 5c wanes amid an intensifying US China trade war.

Foxconn, formally known as Hon Hai Precision Industry, is in talks to appoint banks to find a buyer for its liquid crystal display (LCD) factory that is being built in the southern Chinese city of Guangzhou, said two people with direct knowledge of the matter.

A sale would come at a delicate time for coque iphone 7 marbre rose Foxconn, which has extensive investments in China, a large roster of US clients that includes Apple, and is having to navigate a tricky path amid the protracted trade war between Washington and Beijing. coque samsung coque iphone coque iphone 5 It would mark one of its largest divestments from China.

Foxconn’s discussions are at an initial stage and it has not yet come up with coque iphone 7 captain america a price tag for the so called Gen 10.5 facility coque iphone 5s xqisit specialising in large screen LCDs, the sources said, adding a sale was not coque iphone 6 enjoyphoenix a surety.

“It’s not an easy sale and it could take a while,” said one of the sources, citing tepid global demand for large screen LCDs.

Foxconn, in a written statement to Reuters, said: “As a matter of company policy, Foxconn does not respond to market rumours coque samsung a70 film or speculation.” The sources requested anonymity because the deliberations are confidential.

US President Donald Trump sharply raised the stakes in the bruising trade war with China and jolted global financial markets by vowing on Thursday coque iphone pour filmer sous l’eau to impose a 10 percent tariff on $300 billion of Chinese imports from September 1.

The trade war has disrupted technology coque samsung a70 leopard global supply coque iphone 7 star chains in a major way, forcing Foxconn to review its own. www.coque4personnalisable.com Jaylen Brown Celtics Jersey coque samsung coque samsung coque iphone 5s That and slowing demand for large coque iphone 6s odell beckham jr screen televisions and monitors had prompted Foxconn’s management to seek a coque iphone 5 s islam buyer for the LCD plant, one of the sources familiar with coque iphone 6 cao the management’s thinking said.

Questions were also being raised within Foxconn on the need for the Guangzhou project. camisetas liga espanola coque samsung coque huawei bague femme coque iphone 5s “Existing plants are already not running at full capacity . www.coque4manga.com und pro shop coque samsung coque huawei coque samsung coque iphone x why need another one,” the source said.

The second source said the new factory would not go into production until early October, which makes coque samsung a70 ecran it less appealing for buyers because of the additional risks as compared to an already operating plant.

The project was mainly run by a joint venture between the Guangzhou government and Japan’s Sakai Display Products, an advanced panel factory owned by Foxconn founder coque iphone 7 protection 360 Terry Gou and Japan’s Sharp Corp, Foxconn’s display unit.

The Japanese panel maker said on Thursday it would coque iphone nichon build a plant in Vietnam to make flat screens and electronic devices to guard against additional US import tariffs on Chinese goods.

The global display industry has coque iphone 7. www.fleuristecalifornialangon.fr coque samsung coque huawei coque iphone 5 been struggling with a supply glut and tumbling earnings due to moribund sales of televisions and smartphones, and the worsening trade dispute that could raise product prices and dampen consumer demand.

Sharp reported on Thursday a double digit decline in profit for the quarter ended June due to coque iphone 5s 6 sluggish tech demand.

Taipei based Foxconn said in April that it remained committed to coque naruto samsung a70 building a display plant and tech research facilities in Wisconsin amid growing scepticism about the fate of the $10 billion project.