{"id":6923,"date":"2019-01-30T20:42:06","date_gmt":"2019-01-30T20:42:06","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/foxconn-reconsiders-wisconsin-factory-plans\/"},"modified":"2019-01-30T20:42:06","modified_gmt":"2019-01-30T20:42:06","slug":"foxconn-reconsiders-wisconsin-factory-plans","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/foxconn-reconsiders-wisconsin-factory-plans\/","title":{"rendered":"Foxconn reconsiders Wisconsin factory plans"},"content":{"rendered":"\n
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\n Foxconn initially said it would invest $10bn in a new manufacturing facility in Wisconsin
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Foxconn, which raised hopes of a US manufacturing revival by announcing a new factory in Wisconsin, is now reconsidering its plans.<\/p>\n

The Taiwanese manufacturing giant no longer expects to make liquid crystal display panels at the Wisconsin plant, a company official told Reuters.<\/p>\n

It plans to hire mostly engineers and researchers not manufacturing workers.<\/p>\n

The changes are a significant shift from the firm’s plans announced at a White House ceremony in 2017.<\/p>\n

At the time, US President Donald Trump claimed credit for landing the investment, which he said was a sign his policies were returning investment to the US.<\/p>\n

The yet-to-be-built facility was the “eighth wonder of the world”, he said at a groundbreaking ceremony last summer.<\/p>\n

Foxconn, a major Apple supplier, had pledged to invest $10bn (\u00a37.6bn) in the plant, which was expected to initially employ 3,000 people, with a potential for up to 13,000, mainly entry-level jobs.<\/p>\n

New realities<\/h2>\n

In a statement to the Wisconsin State Journal on Wednesday, Foxconn cited a changed global marketplace, saying all of its projects are being “adjusted to meet these new realities.”<\/p>\n

“We remain committed to the Wisconsin Valley Science and Technology Park Project, the creation of 13,000 jobs, and to our long-term investment in Wisconsin. As we have previously noted, the global market environment that existed when the project was first announced has changed,” the company said.<\/p>\n