Tuesday , March 9 2021

Foxconn changes its plans in a massive Wisconsin-acclaimed trump agreement



Foxconn Technology Group said on Wednesday that it is changing its planned campus of 10 billion US dollars from manufacturing blue collar to a research center while insisting it is still committed to creating 13,000 jobs.

The highly successful installation was announced by President Donald Trump and the current governor of Wisconsin, Scott Walker, as an opportunity once it has been generated to re-manufacture in the Midwest and the United States. Foxconn, a leading provider of Apple, is believed to be the largest electronic contractor manufacturer in the world and the largest private businessman in China.

In a statement Wednesday, Foxconn said he is still committed to the project, with the creation of 13,000 jobs and "our long-term investment in Wisconsin." But because the global market environment that existed when the project was announced for the first time in 2017 has changed, "this has made it necessary to adjust plans for all projects, including Wisconsin" .

Louis Woo, Foxconn's CEO, Terry Gou, told Reuters in a story published on Wednesday that his plans to build liquid crystal display screens are climbing and possibly being filed.

"As for television, we have no place in the US," Woo told Reuters. "We can not compete".

Woo said it would be more profitable to manufacture LCD panels in a major China and Japan, send them to Mexico for the final assembly and import the finished product to the United States.

As for television, we do not have a place in the United States. We can not compete. – Louis Woo, special assistant to the general director of Foxconn, Terry Gou

He said that it would represent a supply chain that is adapted to Foxconn's current "fluid, good business model."

Woo said a factory was not built in Wisconsin: "You can not use a factory to see our investment in Wisconsin."

Instead of that, Woo said that Foxconn wants to create a "technology center" that will largely consist of search facilities along with packing and assembly operations. Woo said that about three-quarters of the jobs created will be in research and development and design, rather than blue collar manufacturing.

This raises the perspective, given the demographic demography of Wisconsin, that many qualified engineers and other technology professionals should be recruited outside the state.

Massive government support to deal with

Foxconn stated in its statement that it was expanding its investment base in Wisconsin to ensure that the company and the workforce were positioned to achieve long-term success. This includes focusing on research and development in advanced industrial internet technologies and producing high tech solutions and solutions for industries such as education, medical and health care, entertainment and sports, security and smart cities. Smart, said Foxconn.

The Taiwan-based company billed the massive 1.86 million square meter campus of Wisconsin as its first US manufacturing site for the next generation of liquid crystal display panels that will be used in a wide variety of products, including large-screen televisions, -Direct cars, notebooks and other monitors.

The general director of Foxconn, Terry Gou, the center and the special assistant, Louis Woo, will hold a signing agreement on August 27 announcing the investment of $ 100 million in engineering research and innovation at the University of Wisconsin-Madison. (Steve Apps / Wisconsin State Journal via AP)

The state of Wisconsin and local governments pledged approximately $ 4 billion to Foxconn, the largest incentive in the history of the state and the largest promised by a state to a foreign corporation in the history of the States United Foxconn had to invest $ 10 billion and create 13,000 jobs to get full incentives.

He recruited 178 full-time jobs instead of 260 for 2018, without obtaining a state credit worth up to $ 9.5 million.

A spokesman for the governor of Wisconsin, Tony Evers, a democrat who criticized Foxconn in the campaign against Walker, did not immediately return a message that was looking for a comment. A spokeswoman for the Wisconsin Economic Development Corporation, who negotiated the deal with Foxconn, also did not return a message immediately.

All the steps in the way Foxconn has surpassed and delivered less. This news is devastating for Wisconsin taxpayers.– Gordon Hint, state democrat

Republican legislative leaders in Wisconsin who pushed the Foxconn project did not return the messages immediately Wednesday.

The White House did not have any immediate comment on Wednesday. Last summer, Trump highlighted its economic policies in an innovative event for the Foxconn massive complex, which initially state officials could host 11 football fields.

"America is open to businesses more than it has been open to businesses. Made in the U.S. – everything is happening and is happening a lot, very quickly," said Trump in June after visiting the Foxconn site. "Today we are watching the results of the pro-America agenda. America First, Make America Great Again. The biggest phrase ever used in politics, I suspect."

Democratic critics, including Evers, said the incentives that Foxconn promised were too wealthy and wondered if the company would always fulfill its job creation and investment promises. They also said that the massive plant that trusted the water of Lake Michigan was seriously threatening the environment.

"Foxconn has broken its promises in Pennsylvania, Brazil, China and now in Wisconsin. Everywhere gone, the taxpayers have exploded to chain their pockets," Democrat state lawmaker Jimmy Anderson said on Wednesday. Anderson's social media newsletter was retained by Mark Pocan, a Democratic congressman representing Wisconsin at Capitol Hill in Washington.

Gordon Hintz, a minority leader of the Democratic Assembly of Wisconsin, said in a statement that Foxconn's revised plans were "devastating for Wisconsin taxpayers."

"All the steps in the way Foxconn has outgrown and underestimated," Hintz said.

"And now, it seems that Foxconn is experiencing its failed trace in the United States – leaving a shorter and more state and community."


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