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February 1, 2019 10:50 pm

Foxconn Says It Will Build Wisconsin Factory After All

Citing a phone conversation with President Trump, Foxconn said it will proceed with plans to build a government-subsidized plant in Wisconsin to make liquid crystal display screens. The news capped a week of reversals about the Taiwanese company's plans in the state. CBS News reports: Foxconn drew headlines in 2017 when it said the company would invest $10 billion in Wisconsin and hire 13,000 people to build a factory to make screens for televisions and other devices. State leaders offered nearly $4 billion in tax incentives to help seal the deal. Last year Foxconn said it would reduce the scale of the factory from what is known as a "Gen 10" factory to "Gen 6". But this week, Foxconn executive Louis Woo seemed to move away from a factory altogether, saying the company couldn't compete in the TV screen market and would not be making LCD panels in Wisconsin. On Friday, in yet another twist, Foxconn said that, after discussions with the White House and a personal conversation between Mr. Trump and Foxconn chairman Terry Gou, it will proceed with the smaller manufacturing facility. Woo told Reuters earlier this week that about three-quarters of workers in Wisconsin would be in research and development, not manufacturing, and that the facility would be more of a research hub. Foxconn, the world's largest electronics company, said Friday the campus would house both an advanced manufacturing facility and a center of "technology innovation for the region."

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