Foxconn may shelve plan to make LCD panels at $10B Wisconsin factory

President Trump Attends Groundbreaking Of Foxconn Factory In Wisconsin

President Donald Trump (c.) joined Wisconsin Gov. Scott Walker (2nd from l.) and Foxconn CEO Terry Gou (2nd r.) at the groundbreaking of the company’s Wisconsin plant last summer.


Andy Manis / Getty Images

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

The Chinese company said in 2017 that the $10 billion facility would make LCD displays and employ up to 13,000 people — including a sizable manufacturing workforce.

However, it’s reconsidering and may instead stick to hiring mostly engineering and research staff to create a “technology hub,” Reuters reported Wednesday, citing Louis Woo, a special assistant to Foxconn CEO Terry Gou.

Woo cited the high cost of labor in the US as a factor, noting that it’d be more profitable to make the displays in China and Japan, assemble them in Mexico and import the finished product to the US, according to Reuters.


Now playing:
Watch this:

Foxconn breaks ground on first US factory



1:33

Foxconn said it remains committed to the Wisconsin project and the creation of 13,000 jobs, but added that the project’s focus will be adjusted to meet the realities of the global market. 

“As our plans are driven by those of our customers, this has necessitated the adjustment of plans for all projects, including Wisconsin,” said a representative for the Foxconn Technology Group in an emailed statement. “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.”

Last summer, President Donald Trump hailed Foxconn’s Wisconsin plant as “part of the exciting story playing out across our nation” following his campaign promise to bring manufacturing to the US.

It wouldn’t be the first time Foxconn’s US ambitions have changed course. In 2013, Foxconn said it planned to invest $30 million in a Pennsylvania factory and create 500 jobs, but The Washington Post noted the plant was never built.

The White House didn’t immediately respond to a request for comment.

Source link

more recommended stories

  • Huawei secretly helped North Korea build, maintain wireless network: Washington Post

    A Huawei signage is pictured at.

  • Trump expected to drop in on White House tech meeting with Broadcom, Intel CEOs: sources

    FILE PHOTO: U.S. President Donald Trump.

  • Circuit breakers trip, shares soar as China’s Nasdaq-style bourse debuts

    SHANGHAI (Reuters) – Trading hit a.

  • White House to host meeting with tech executives on Huawei ban: sources

    WASHINGTON (Reuters) – White House economic.

  • Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ

    FILE PHOTO: Credit reporting company Equifax.

  • Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract

    WASHINGTON (Reuters) – Four Republican members.

  • Confusion builds over U.S. ban on Chinese surveillance technology

    WASHINGTON (Reuters) – Contractors who buy.

  • Trump tells France’s Macron U.S. concerned with proposed digital services tax

    U.S. President Donald Trump reacts during.

  • SoftBank raises $270 million via Seoul unit for early-stage investments

    FILE PHOTO: The logo of SoftBank.

  • UK’s new PM must take 5G decision on Huawei urgently: committee

    LONDON (Reuters) – The new prime.

  • Russia fines Google for failing to filter search results

    FILE PHOTO: The Google logo is.

  • SoftBank’s Son says Japan lacks investment opportunities, is AI ‘developing country’

    FILE PHOTO: Japan’s SoftBank Group Corp.

  • Amazon under EU antitrust fire over use of merchant data

    BRUSSELS (Reuters) – Amazon became the.

  • Ericsson says on track for 2020 targets as second-quarter profit matches forecasts

    STOCKHOLM (Reuters) – Mobile network gear.

  • U.S. Justice Department asks appeals court to pause antitrust ruling against Qualcomm

    FILE PHOTO: A Qualcomm sign is.

  • Senate to grill Facebook over plans for Libra cryptocurrency

    WASHINGTON/NEW YORK (Reuters) – U.S. lawmakers.

  • Amazon rivals ride on Prime Day marketing as protests unfold

    NEW YORK (Reuters) – Amazon.com Inc’s.

  • Huawei to invest $3.1 billion in Italy but calls for fair policy on 5G: country CEO

    MILAN (Reuters) – China’s Huawei Technologies.

  • Amazon workers in Germany to strike over pay, Verdi union says

    FILE PHOTO: An Amazon sign is.

  • Israel holds 5G mobile network tender, aims for 2020 launch

    JERUSALEM (Reuters) – Israel launched a.

  • China’s Ping An to invest in education startup iTutorGroup

    BEIJING (Reuters) – Ping An Insurance.

  • U.S. regulators approve $5 billion Facebook settlement over privacy issues: source

    (Reuters) – The U.S. Federal Trade.

  • Japan sets up working group on impact of Facebook’s Libra ahead of G7

    TOKYO (Reuters) – Japanese authorities have.

  • Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars

    , NEW YORK (Reuters) – Ford.

  • Macquarie-backed MEIF 6 Fibre outbids USSL for telecoms firm KCOM

    (Reuters) – Macquarie-backed MEIF 6 Fibre.

  • Trump blasts Bitcoin, Facebook’s Libra, demands they face banking regulations

    WASHINGTON (Reuters) – U.S. President Donald.

  • Twitter back up partially after worldwide outage

    FILE PHOTO – The Twitter logo.

  • French Senate approves tax as U.S. opens probe into digital levy

    PARIS (Reuters) – France’s Senate on.

  • U.S. to probe French plan to tax tech companies

    WASHINGTON (Reuters) – U.S. President Donald.

  • Need quick medical advice in Britain? Ask Alexa

    (Reuters) – Britain’s state-run health service.

  • Appetizing prospects: Uber founder takes aim at South Korea’s shared kitchen market

    SEOUL (Reuters) – Chef Youm Jung-phil.

  • U.S. to provide licenses for sales to Huawei if national security protected

    WASHINGTON (Reuters) – The U.S. government.