Promises to Stick by Factory Plans in Wisconsin — Foxconn Damage Control

Promises to Stick by Factory Plans in Wisconsin — Foxconn Damage Control

Foxconn Technology said on Friday that it would build a factory in Wisconsin after the company's chairman spoke to US President Donald Trump.

President Donald Trump announces Foxconn Technology Group will build a plant in southeastern Wisconsin.

The company said it was looking forward to continuing its expansion of investment in American talent in Wisconsin and the U.S.

Foxconn will proceed with its construction of a self-driving auto facility and a sixth generation LCD fab plant in Wisconsin after discussions with United States President Donald Trump about the project, the company's chairman Terry Gou (郭台銘) said Saturday.

The company didn't mention the number of jobs it will create in its latest statement.

That news was seen as a setback for Mr Trump, who has made reviving the manufacturing sector a priority.

As part of the Foxconn deal, Wisconsin legislators agreed to pay up to 40 percent of local government debt for the project, if asked to do so.

The main source of the reports appeared to be an interview by Louis Woo, special assistant to Gou, with Reuters. The state has not paid out job credits to Foxconn yet.

The company's statement Friday reiterated that the "campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region".

Trump also suggested that Foxconn hire military veterans to meet the demand for tech workers, Gou said, adding that he thinks it is a feasible proposal. Pleasant, Wis., June 28, 2018.

But Foxconn's repeated changes to its plans led critics of the project this week to accuse Foxconn of a "bait and switch".

During the lame-duck session before former Governor Scott Walker left office, one of many policies passed by Legislators to restrict the new legally elected Governor included a roll back of accountability and an increase of legislative power over the agency administering the agreement, the Wisconsin Economic Development Corporation (WEDC). They've talked about doing the Generation 6 work for some time.

The company's announcement is an about-face from its stance earlier in the week, when the electronics manufacturer said it was reassessing its plans.

Speaking to thousands of Foxconn employees at a Chinese New Year carnival in Taipei on Saturday, Gou said investing in the USA "is undoubtedly a right decision and fits with future economic trends". Evers tells reporters that the company needs to improve its messaging and transparency, saying "there's no limit to skepticism if the messaging isn't coherent".

It's too early to tell what will unfold in Wisconsin, Dorfman said. It later said it would build smaller Generation 6 LCD screens instead. "In addition, there have been no attempts by either the company or the Evers or Walker administrations to renegotiate the contract".



Related Posts

United States ends all assistance to West Bank and Gaza
The project was run by the Palestinian Centre for Democracy and Conflict Resolution. Defense Department to keep afloat the U.S. security coordinator's office.

Special Landmark Edition Of Discovery Sport Launched By Land Rover
Customers who have ordered the SV Coupe have been informed, although how many customers that is remains unknown. When Land Rover first showed off the Range Rover SV Coupe earlier this year, it was a bit of a head-scratcher.

Puma’s self-lacing shoe controlled by iPhone or Apple Watch
Puma's signature stripe runs across each side panel in white, while minimal "Fi" branding can also be seen stamped on each heel. According to SneakerNews , the Fit Intelligence will use a cable lacing system, covered up by a device that sits on the tongue.

Patrick Mahomes Guarantees Chiefs Will Reach Super Bowl Next Season
The Cleveland quarterback who was selected first overall in the draft, one spot in front of Barkley, earned 21 votes. Los Angeles Rams standout Aaron Donald repeated as AP Defensive Player of the Year.

Reliance Communications opts for insolvency route after failing to repay debt
But Jio has stuck to its stance, following which DoT has also repeatedly refused to clear the deal, leading to a stalemate.

BP to expand emissions disclosure on oil investments
BP's statement shows that it is recognizing investor concerns regarding its significant climate risks and responsibilities. BP introduced a plan past year that sets near-term emissions goals for its operations.

Apple issues fix for FaceTime eavesdropping bug
After nine days of silence and a public statement saying they were aware of the issue, Apple finally reached out to the Thompsons. Apple previously said that a software update fixing the issue will be released this week, but has now delayed to the coming week.

"We were nowhere near our best" - Eddie Jones promises more from England
The master tactician, who will step down after the World Cup, spoke of the "emotional bruises" sustained at the Aviva. But Jones had a warning for anyone seeking to write off Ireland prematurely. "We beat them here, they beat us away".

Vaping twice better for quitting smoking than patches, gum
A lot of experts and health professionals agree that e-cigs expose you to fewer toxic chemicals than traditional cigarettes. A second survey in 2015-2016 assessed how numerous kids had tried either vaping or smoking in the interim.

Whyte: April Fight Against AJ "Is Dead"
The date was heavily marketed even leading into his last ring appearance, rallying to knock out Alexander Povetkin in seven rounds last September at Wembley.

© 2015 . All Rights reserved.