Reuters: Foxconn reconsiders making LCD panels at Wisconsin plant

Reuters: Foxconn reconsiders making LCD panels at Wisconsin plant

Foxconn Technology Group is reconsidering plans to make LCD screens in Wisconsin, according to a report from Reuters.

https://www.reuters.com/article/us-foxconn-wisconsin-exclusive/exclusive-foxconn-reconsidering-plans-to-make-lcd-panels-at-wisconsin-plant-idUSKCN1PO0FV

Foxconn said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the $10 billion Wisconsin project originally promised, according to the article.

Foxconn received state and local incentives for the project that was initially supposed to manufacture advanced large-screen displays for TVs and other consumer and professional products at the facility in southeastern Wisconsin. That facility is already under construction. Foxconn later announced it would build smaller LCS screens instead.

Now, those plans may be scaled back or even canceled, Louis Woo, special assistant to Foxconn Chief Executive Terry Gou, told Reuters. He said the company was still evaluating options for Wisconsin, but said the steep cost of making advanced TV screens in the United States was impacting the decision.

“In terms of TV, we have no place in the U.S.,” Woo said to Reuters. “We can’t compete.”

Foxconn initially said it expected to create 13,000 jobs in Wisconsin, with 5,200 of them being hired by the end of 2020, but a company source told Reuters that figure now looks to be closer to 1,000 workers.

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