The Latest: Foxconn backer: Expect company to stay committed
MADISON, Wis. (AP) — The Latest on Foxconn Technology Group’s change of plans for its Wisconsin plant (all times local):
The president of Wisconsin’s Technology Council says he’s not worried that Foxconn Technology Group will back away from its massive project in the state.
Tom Still says he’s not surprised that Foxconn is changing the focus of its project in southeast Wisconsin. The company said Wednesday it is shifting from a plan to manufacture liquid crystal display screens more toward research and development.
Still has supported the Foxconn project. He says the company has already invested as much as $200 million in Wisconsin and it’s unlikely to pull out. But he acknowledges it’s unclear whether the company will deliver on its promise of 13,000 jobs and a $10 billion total investment.
Foxconn said Wednesday it still intends to provide the promised jobs.
Still says taxpayers shouldn’t be worried, and that Foxconn won’t get tax credits if they don’t deliver.
A Democratic leader in Wisconsin says news that Foxconn Technology Group is changing the focus of its much-touted project there is “devastating for the taxpayers of Wisconsin.”
Wisconsin agreed to pay Foxconn about $4 billion in state and local incentives if it invests $10 billion and creates 13,000 jobs in the state. Foxconn said Wednesday it remains committed to creating the jobs, but that is shifting from a blue collar manufacturing focus to more research and development.
Assembly Democratic Minority Leader Gordon Hintz says the state was promised manufacturing jobs and a “game changing economic opportunity.” But he says it appears Foxconn may be “leaving another state and community high and dry.”
President Donald Trump helped seal the deal with former Republican Gov. Scott Walker, heralding it as a once-in-a-generation economic development opportunity.
Foxconn Technology Group is changing the focus of its planned $10 billion Wisconsin campus, while insisting it remains committed to creating 13,000 jobs as promised.
The world’s leading electronics manufacturer said in a statement Wednesday that because of a changed global marketplace, all of its projects including the one in Wisconsin are being “adjusted to meet these new realities.”
The statement comes after Foxconn official Louis Woo told Reuters in a story published Wednesday that its plans to build liquid crystal display panel screens are being scaled back and possibly shelved.
Woo says the Taiwanese company wants to create a “technology hub” largely consisting of research facilities along with packaging and assembly operations.
Woo says about three-quarters of the jobs created will be in research and development and design, rather than blue-collar manufacturing jobs.