“Taiwan’s Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin, days after the U.S. state’s governor said he wanted to renegotiate the deal,” Reuters reports. “Governor Tony Evers, who inherited a deal to give Foxconn $4 billion in tax breaks and other incentives when he took office in January, said on Wednesday he wanted renegotiation because the firm is not expected to reach its job creation goals for the state.”
“Foxconn’s proposed 20-million-square-foot Wisconsin campus, announced at a White House ceremony in 2017, marks the largest greenfield investment by a foreign-based company in U.S. history,” Reuters reports. “Foxconn, a major supplier to Apple Inc, has pledged to eventually create 13,000 jobs in Wisconsin, but said earlier this year it had slowed its pace of hiring.”
“‘Foxconn remains committed to our contract,’ the company said in a statement on Friday,” Reuters reports. “‘Foxconn’s commitment to job creation in Wisconsin remains long term and will span over the length of the WEDC (Wisconsin Economic Development Corporation) contract and beyond,’ it said, adding the construction on the LCD display manufacturing facility will commence in the summer.”
Read more in the full article here.
MacDailyNews Take: Foxconn actually sounds much more concrete than it did prior.
SEE ALSO:
What’s going on with Foxconn in Wisconsin? – April 10, 2019
Foxconn after talks with White House: Wisconsin site will be an ‘advanced manufacturing facility as well as a hub of high technology innovation’ – February 1, 2019
Foxconn reconsidering plans to make LCD panels at Wisconsin plant – January 30, 2019
Foxconn secured permission to withdraw more than 7 million gallons a day from Lake Michigan – August 14, 2018
President Trump gives remarks at groundbreaking of Apple supplier Foxconn’s $10 billion Wisconsin factory – June 28, 2018
President Trump announces Apple supplier Foxconn’s $10 billion investment in Wisconsin and up to 13,000 jobs – July 27, 2017
President Trump to announce Apple-supplier Foxconn manufacturing plant in Wisconsin today at 5pm EDT – July 26, 2017
Apple supplier Foxconn nearing decision to build plant in Wisconsin to produce display panels – July 25, 2017
Made in America iPhones, after all? Apple supplier Foxconn considering iPhone plant in Wisconsin – June 15, 2017
China Premier Li visits Apple supplier Foxconn after CEO’s meeting with President Trump – May 10, 2017
Foxconn-Sharp considering LCD plant in USA, plans in response to President-elect Trump’s ‘Make in America’ call – January 13, 2017
Gee, wonder what’s changed? Hmm.
Foxconn thought they could maybe string everyone along until 2020, but now realize they’ll never be able to dither thru 2024.
Yesterday, President Trump was hosting participants of the Wounded Warrior Project Soldier Ride in the East Room and was given a trophy as a token of appreciation.
“This will find a permanent place, at least for six years, in the Oval Office,” the president said.
“I was going to say for at least 10 to 14 years,” the president joked, “but we would cause bedlam, so we’ll say six.”
The President’s quoted remarks start at 1:20:
Lying Russian Collaborator (“No Collusion” = I am not a crook) Trumpbo has done nothing but enrich himself. He will be discarded like the douchebag he is.
“the firm is not expected to reach its job creation goals for the state”
Weird, I thought the tax credits were dependent upon the number of jobs created, so no jobs, no credits. Why would you need to renegotiate that?
They now have to deal with a freaking Governor who wants to renegotiate just for the sake of saying Trumps original plan wasn’t good for Wisconsin and he will make sure Foxconn pays its fair share. God, Democrats are stupid.
The original plan predates Trump and has nothing to do with him. God, republicans are stupid.
Let me guess, you have evidence of collusion too.
Yeah, you’re not stupid at all.
11 times in the Mueller report— if you can read.
Tune into Faux News and all you’re going to get is red kool aid.
Ponzi scheme from the start….