Foxconn might scale back or drop planned factory in Wisconsin

Foxconn might scale back or drop planned factory in Wisconsin

Foxconn might scale back or drop planned factory in Wisconsin

Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it meant to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.

"In terms of TV, we have no place in the U.S.", Louis Woo, special assistant to Foxconn Chief Executive Terry Gou, told Reuters.

Foxconn may be reconsidering its plans for a massive Wisconsin factory.

Foxconn CEO Terry Gou, centre, and special assistant Louis Woo, right, celebrate a signing agreement on August 27 up on announcing the investment of $100 million in engineering and innovation research at the University of Wisconsin-Madison.

In exchange, Wisconsin agreed to give Foxconn at least $3 billion in state tax credits and breaks, according to the Wisconsin Economic Development Corporation, a public-private agency that helped negotiate the package.

In fact, Foxconn has now said that it "intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised".

"In addition to our consideration of plans to produce traditional products such as television sets, we are also examining ways for Wisconsin's knowledge workers to promote research and development in advanced industrial internet technologies and produce high-tech applications and solutions for industries such as education, medical and healthcare, entertainment and sports, security, and smart cities". "It's also not surprising Foxconn would rethink building a manufacturing plant in Wisconsin under the Evers administration". Now, Woo says they will not make them at all. In 2013, the company vowed to create 300 manufacturing jobs by investing $30 million in a technology factory in central Pennsylvania, only to quietly scrap that plan after it garnered an initial burst of positive PR.

But Walker, a Republican, was defeated for re-election in November by the new governor, Democrat Tony Evers, who had questioned the size of the incentives handed to Foxconn, although he did not pledge to undo the deal.

October 12, 2018 - Rapper-producer Kanye West said Foxconn has "4,000 jobs, people making $53,000 a year" in Wisconsin.

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The local government and economic development leaders issued a statement Wednesday. It fell short of the employment goal in 2018 - hiring 178 full-time jobs rather than the 260 targeted - failing to earn a tax credit of up to $9.5 million.

Trump came to power on the back of his "America First" promise to revitalise United States manufacturing and create millions of jobs, crucially wooing blue-collar workers. We were promised state of the art LCD production.

The White House had no immediate comment Wednesday.

Foxconn is Apple's main manufacturing partner for the iPhone.

"And now, it appears Foxconn is living up to their failed track record in the USA - leaving another state and community high and dry".

Wisconsin's Republican legislative leaders are blaming Evers for Foxconn's decision.

Under the contract, however, Wisconsin would stop some payouts if Foxconn did not stick to its word.

While Trump has not responded to the Foxconn announcement CNN quoted an official as saying: "The president has created one of the strongest business climates in American history because he lowered taxes and massively cut regulations".

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