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Foxconn may drop plans to build flat screens in Wisconsin

JacksinPA

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https://www.cnn.com/2019/01/30/tech/foxconn-wisconsin-factory-plans/index.html

New York (CNN Business)Taiwanese electronics manufacturer Foxconn may drop plans to build flat screen panels at a Wisconsin plant for which it was promised $4 billion in state and local tax dollars.

But the company says it is going ahead with developing the Wisconsin property and still expects to hire up to 13,000 workers.
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This Foxconn plan did not make any sense from the start. They would have had to import most of the skilled labor from Taiwan & settle them in an area wit no pro-Chinese infrastructure (housing, markets, etc). Even though The Donald heralded this as one of his industrial miracles, the lousy winter climate in Racine, WI is now apparently not going to be greeting lots of Chinese workers.
 
https://www.wsj.com/articles/foxcon...ory-plan-shifts-focus-to-research-11548867033

Foxconn Backpedals on Wisconsin Factory Plan, Shifts Focus To Research

BEIJING—Foxconn Technology Group, a major supplier to Apple Inc., is backing down on plans to build a liquid-crystal display factory in Wisconsin, a major change to a deal that the state promised billions to secure.

Louis Woo, special assistant to Foxconn Chairman Terry Gou, said high costs in the U.S. would make it difficult for Foxconn to compete with rivals if it manufactured LCD displays in Wisconsin. In the future, around three-quarters of Foxconn’s Wisconsin jobs would be in research, development and design, he said.
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I'll believe this when I see it. Move to Phoenix, sure. Racine? No way.
 
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