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New Foxconn reconsidering plans to make LCD panels at Wisconsin plant

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.

Announced at a White House ceremony in 2017, the 20-million square foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing.

Foxconn, which received controversial state and local incentives for the project, initially planned to manufacture advanced large screen displays for TVs and other consumer and professional products at the facility, which is under construction. It later said it would build smaller LCD screens instead.

Now, those plans may be scaled back or even shelved, Louis Woo, special assistant to Foxconn Chief Executive Terry Gou, told Reuters. He said the company was still evaluating options for Wisconsin, but cited the steep cost of making advanced TV screens in the United States, where labor expenses are comparatively high. "In terms of TV, we have no place in the U.S.," he said in an interview. "We can't compete."




https://www.msn.com/en-us/money/companies/foxconn-reconsidering-plans-to-make-lcd-panels-at-wisconsin-plant/ar-BBSWEzu?li=BBnbfcN&srcref=rss&ocid=iehrs




Satan (impatiently) to Newcomer: The trouble with you Chicago people is, that you think you are the best people down here; whereas you are merely the most numerous.
- - - Mark Twain, "Pudd'nhead Wilson's New Calendar" 1897
New Trump took credit for something that turns out to not be real?
This is my surprised face.

Want to see it again?
--

Drew
New Don't forget Representative Ryan
and the previous governor of Wisconsin. Both those Repugs were right there too.




Satan (impatiently) to Newcomer: The trouble with you Chicago people is, that you think you are the best people down here; whereas you are merely the most numerous.
- - - Mark Twain, "Pudd'nhead Wilson's New Calendar" 1897
New Yep, it's a Fox con!
Alex

"There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge."

-- Isaac Asimov
     Foxconn reconsidering plans to make LCD panels at Wisconsin plant - (lincoln) - (3)
         Trump took credit for something that turns out to not be real? - (drook) - (1)
             Don't forget Representative Ryan - (lincoln)
         Yep, it's a Fox con! -NT - (a6l6e6x)

Secret sauce.
47 ms