Breaking Analysis: Foxconn Eyeing U.S. for Future Plants

Could your next iPhone have a “Made in the U.S.A.” label on it?  The Chinese manufacturing giant Foxconn is exploring plans to build plants in the U.S., with possible locations in Los Angeles or Detroit. SiliconANGLE Contributing Editor John Casaretto explained, “They’re conducting evaluations right now, so it’s pretty early stages at this point.”

Given their history of working with Apple and other high-tech manufacturers, Casaretto points out Foxconn is a company that reacts, plans, executes and does business very quickly. He said if this is genuine, we can expect to see something fairly soon. Currently, there’s no indication of when plants might open, but speculation abounds that it could be tied to the upcoming AppleTV.

However, it’s not likely the iPhone will be one of the products manufactured here, due to the extreme labor intensity involved with making them. Casaretto commented, “It tells us something about the iPhone . . . how labor intensive miniature devices actually are. It bears thinking that the level of labor required to make the iPhone is probably going to be a real challenge to get that done here.”

In other news, Twitter users suspected a hacking had taken place when emails were sent out asking them to reset their passwords. In reality, only a limited amount of accounts had been compromised, but Twitter seemingly overreacted, and sent the email requesting password resets to a large group of users whose accounts had not been affected.  See the whole segment with Kristin Feledy and John Casaretto on the Morning NewsDesk show.