Foxconn (Hon Hai) Group is reconsidering its production plan for a $10 billion Wisconsin LCD plant and says it plans to recruit engineers and R&D personnel rather than manufacturing jobs initially promised by the project.
The project, announced at a White House ceremony in 2017, is by far the largest Greenfield Investment project by a foreign company in the United States and is praised by President Trump. Trump sees this as proof of his ability to revive American manufacturing.
Foxconn therefore enjoys controversial state and local government incentives. The project initially planned to produce large screen displays for television and other consumer and professional equipment. Foxconn later said it would produce smaller LCD displays. At present, the project is still under construction.
Hu Guohui, a special assistant to Foxconn's chairman, told Reuters that these plans might be scaled back or even put on hold. He said the company was still evaluating options for Wisconsin factories, noting that human costs in the United States were relatively high and that the cost of producing advanced television screens in the United States was very high.
"On television, we don't have a market in the United States," he said in an interview. "We can't compete."
Speaking of making advanced TV screens, he added, "If there is a large supply of display screens of a certain size, whether from China, Japan or Taiwan, we must also make adjustments."
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