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Foxconn may reject plans to build flat screens in Wisconsin



But the company claims to continue to develop Wisconsin property and still expects to employ up to 13,000 workers.

The plant and its expensive incentive package were controversial since it was announced in 2017. negotiations during the term of ex-Republican Governor Scott Walker, who lost his candidacy for re-election last year. The stimulus package is one of the questions in the campaign.

Although new governor Tony Evers criticized the package, he did not give up the promises made within the package.

Foxconn's senior manager told Reuters that the company has determined that an American plant "can not compete" with cheaper flat-panel installations elsewhere in the world.

Louis Wu, a special assistant to Foxconn's executive director Terry Gow, told Reuters that the company is planning to set up a "technology center" in Wisconsin, not a plant. This will largely consist of research facilities along with some packing and assembly operations. Woo said that three quarters of Foxconn's potential jobs would be in the field of R & D and design, not blue-collar jobs. He said it would not be a factory.

Asked about the comments attributed to Wu, Foxson's spokesman did not challenge them. "We remain committed to Wisconsin Valley Science and Technology Park, 1

3,000 jobs and long-term investments in Wisconsin," the company said. "The global market environment that existed at the first announcement of the project has changed, as our plans are driven by our customers, it has forced adaptation of plans for all projects, including Wisconsin." These new realities, the Wisconsin project remains a priority for our company. "

The state stimulus package is ready to give the company up to $ 3 billion in tax credits and interruptions, one of the biggest stimulus packages ever promised to a company to find a plant in USA the Wisconsin fires will take at least 2043 years for the state to recover lost tax revenue

The state stimulus package allows Foxconn to adjust its plans in response to changing business conditions, said Mark Hogan, Chief Executive Officer director of the independent state authority for economic development, who agreed on the package, adding that the success of the company depends on its ability to respond to changing customer demand.

Hogan also noted that Foxconn will receive the full stimulus package only if it reaches all job creation and investment objectives in the country.

But the governor's office issued a statement saying he was surprised to learn about the change in Foxconn's plans.

– said Joel Brennan, who is nominated to oversee the civil service handling the package. He said the state "will continue to monitor the project to ensure that the company fulfills its promises."

The Mount Pleasant Village and Rasin County, where the plant will be built, also agreed to provide $ 764 million in tax incentives to help build the facility, including land purchase and Foxconn's free of charge. The state expects to spend about $ 400 million on road improvements, including the addition of two lanes to the nearby highway 94.

It is unclear whether the change in focus of the plant will change the incentive package based on the number of jobs created and the amount of investment. Originally, Foxconn planned to invest $ 10 billion in the plant.

Foxconn is best known for its massive factories in China, which produce products like iPhones for other companies.

The plan for a Wisconsin plant was announced by Walker and President Donald Trump as a sign of returning jobs in the United States.

"The construction of this facility is the return of LCD electronics and electronic production to the United States, the country we love," said Trump, "that's where we want our jobs. To make such an incredible investment, the President has put his faith and confidence in the future of the American economy – in other words, if I were not elected, he would definitely not. "

CNN Jeremy Diamond contributed to this report.


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