Days after reporting that Foxconn will no longer build his all-American Wisconsin factory after all the conversation and build up, the company is returning after new discussions with President Trump.
However, it is unclear what level of work will be arranged at the facility, as a report from Reuters last week claimed that the $ 10 billion factory would mainly have highly paid engineers, rather than several lower paying factory jobs. Today's statement does not clearly clarify the specifics of who is just going to work there, but for now it is the current target of 13,000 employees.
If there is any hint in the task, the following line is.
This campus will serve both as an advanced production facility and a hub for high-tech innovation for the region.
Presumably, this is the company's way of saying that the location will mostly be a mix of both blue collar production and high-paid engineering.
Foxconn has already received $ 4 billion in tax breaks and incentives.
Earlier, the company
said the global market environment that existed when the project was first announced has changed.
The statement comes In light of the company's original plans to manufacture LCD TV screens, the company has instead created a shift to create smaller mobile displays due to the "changing" market.
The latest statement from Foxconn on Friday follows
After productive discussions between the White House and the company, and after a personal conversation between President Donald J. Trump and Chairman Terry Gou, Foxconn is moving forward with our planned construction of a Gen 6 fab plant, which will be in the heart of Wisconn Valley Science and Technology Park. This campus will serve both as an advanced production facility and as a hub for high-tech innovation for the region.
Our decision is also based on a recent comprehensive and systematic review to determine the best fit for our Wisconsin project among TFT technologies. We have carried out the evaluation while seeking to expand our investment across Wisconsin beyond our original plans to ensure that the company, our workforce, the community and the state of Wisconsin will be positioned for long-term success.
Looking ahead, we continue to expand our investment in US talent in Wisconsin and the United States.
If President Trump promised further incentives, it is still unknown, although it does not seem like something to sweet deal with Foxconn.
Are you happy that the factory can finally be built? Let's see what you think in the comments below!