Wednesday, January 30, 2019

Foxconn Backing Out Of Wisconsin Plant Plans?

After Foxconn received $4 billion in subsidies and infrastructure spending from Wisconsin to build a new factory, the company is now backpedaling on its promises to build a plant and create over 13,000 jobs.

Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.