Earlier this month, The Political Insider reported on Japanese plans to invest $450 billion in new investments and the creation of 700,000 new jobs in the United States.
According to The Daily Caller, “among the projects included in the initiative are high-speed rail projects, plans for transportation infrastructure upgrades, technology sharing programs, advanced power generation projects, and other high-end programs.” President Trump also revealed that Japan’s SoftBank would be investing $50 billion in the United States, aimed at creating 50,000 new jobs.
Now, we have just learned that another major Japanese company, Sharp Corp., which makes displays, is considering breaking ground on a new $7 billion plant in the United States!
Japan’s Sharp may start building $7B plant in US, report says https://t.co/XCHvjJ3H4g pic.twitter.com/AJFsUqivlO
— Fox News (@FoxNews) February 8, 2017
From Fox News:
A Sharp spokesman told the news agency that no final decision has been made on the plant, but the report said Sharp is taking the lead on a project initially outlined by its parent company Foxconn.
The report said that the chief executive of Foxconn floated the idea about the $7-billion display-making plant. He did not elaborate where or when the project would occur.
Japan, which has a consistent trade surplus with the U.S., is putting the finishing touches on a package that it claims will create 700,000 jobs in the U.S. and help create a $450-billion market, Reuters reported, citing government sources familiar with the plans.
Sharp’s potential construction of a $7 billion plant in the United States comes on the heels of several other high-profile companies announcing plans to invest in America following the election of Donald J. Trump.
Last month, Amazon announced that it will add 100,000 U.S. jobs, and the Chinese company Alibaba recently announced plans to create 1 million U.S. jobs after the company’s executive chairman Jack Ma met with the president in Trump Tower.
Fiat Chrysler also announced a new $1 billion U.S. investment that will create 2,000 new American jobs, and Stanley Black & Decker will build a new $35 million dollar plant.
Do you think Sharp’s proposed plant is in direct response to President Trump’s victory in November? Share your thoughts below!