Foxconn Reverses Course on Wisconsin Plant After Trump Intervention

Foxconn Reverses Course on Wisconsin Plant After Trump Intervention

Foxconn Reverses Course on Wisconsin Plant After Trump Intervention

"This campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region", the statement read.

But Foxconn announced Friday that it would be pursuing an LCD factory in Wisconsin, after all. On Wednesday, Foxconn spokesperson Louis Woo told Reuters the company would bail on making television screens in the us because of costs.

Trump bragged about the plan and appeared alongside Gou at a groundbreaking ceremony last summer wielding golden shovels.

"Foxconn continues to move forward in Wisconsin!" he said.

Foxconn's flip-flopping is the latest example of its evolving vision about spending $10 billion to expand in the Midwestern U.S. state since 2017 when Gou and Trump unveiled the project to much fanfare.

But Trump tweeted Friday: "Great news on Foxconn in Wisconsin after my conversation with Terry Gou!".

Wisconsin's then-governor, Scott Walker, offered Foxconn $3 billion in state subsidies for the project, a move that proved to be controversial enough it that may have cost Walker his re-election past year.

Foxconn will proceed with its construction of a self-driving vehicle 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.

However, the company released a statement on January 30 confirming various media reports that its plan was being adjusted to focus mainly on research and development.

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Local Wisconsin government and economic development officials where the Foxconn campus is located praised the news, saying construction of the "Gen 6" factory will coincide with construction of other related buildings over the next 18 months.

Foxconn initially planned to manufacture advanced large-screen displays for TVs and other consumer and professional products at the facility, which is under construction.

Today, company CEO Terry Gou is committing to a "Gen 6 fab facility" in the dairy state after having a "personal conversation with President Donald Trump".

Speaking to thousands of Foxconn employees at a Lunar New Year celebration in Taipei yesterday, Gou said investing in the United States "is undoubtedly a right decision and fits with future economic trends". Woo said the Wisconsin project would be more of a research hub, rather than having a manufacturing focus.

The company previously said the changing global economic climate - roiled by Trump's trade war with China where Foxconn has most of its assembly lines - prompted it to revise its original plans.

Reports claimed that Evers was attempting to renegotiate deals already inked with the company but his spokeswoman took to Twitter to say the reporters were false.

Nikkei said it had obtained a document that showed Foxconn reached its decision to after negotiations with Evers.

It's too early to tell what will unfold in Wisconsin, Dorfman said.

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