Foxconn chairman Terry Gou travels to White House to discuss Wisconsin investment

Terry Gou, “the chairman of Apple supplier Foxconn will travel to the United States on Tuesday for a meeting in the White House that is believed to be related to an investment in Wisconsin, according to a source with direct knowledge of the matter,” Yimou Lee and James Pomfret report for Reuters.

“In January, Reuters reported that Foxconn 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,” Lee and Pomfret report. “Foxconn, a major supplier to Apple Inc, has pledged to eventually create 13,000 jobs in Wisconsin, but said this year it had slowed its pace of hiring.”

“The source said it wasn’t yet clear if Gou would meet U.S. President Donald Trump,” Lee and Pomfret report. “Gou, who owns 9.4 percent of Foxconn as its top shareholder, is Taiwan’s richest person with a net worth of $7.6 billion, according to Forbes.”

Read more in the full article here.

MacDailyNews Take: Hopefully, after what seemed like some considerable waffling, Foxconn will prove they are committed to their promised investment in Wisconsin.

SEE ALSO:
Apple-supplier Foxconn ‘still committed’ to 13,000 Wisconsin jobs, despite governor’s doubts – April 19, 2019
Foxconn says it remains committed to Wisconsin investment project – April 19, 2019
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

[Attribution: 9to5Mac. Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

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