Paul Jacobs

Qualcomm will build factory in U.S. if it doesn’t have to pay taxes.

March 22, 2011 by Source
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By John Lawrence / Will Blog for Food / March 22, 2011

In an article March 18, 2011 in the San Diego Union Tribune, Qualcomm said “it would spend $975 million to build a factory in Taiwan to manufacture low-power Mirasol display screens for e-readers and smart phones.”

However, there is a caveat. Qualcomm would like to imply that, if it could repatriate the $9.8 billion in cash it is holding offshore without paying taxes or at a sufficiently reduced tax rate, it would build the factory in the US instead thus creating jobs.

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