Trump’s Foxconn factory deal in Wisconsin is close to falling apart

Trump’s Foxconn factory deal in Wisconsin is close to falling apart

"As our plans are driven by those of our customers, this has necessitated the adjustment of plans for all projects, including Wisconsin", Foxconn said in a statement on Thursday.

"In a short time, Foxconn has made a positive impact across Wisconsin with more than 1,000 new jobs, an investment of $200 million, three innovation centers and one of the largest gifts ever of $100 million to the UW-Madison".

Often described by former Gov. Scott Walker and others who pursued the Foxconn operation as "family-supporting jobs", the large number of manufacturing positions was the linchpin in state support for the project. "So the notion that there will be 13,000 research jobs at Foxconn is highly, highly unlikely".

Foxconn CEO Terry Gou, centre, and special assistant Louis Woo, right, celebrate a signing agreement on August 27 up on announcing the investment of $100 million in engineering and innovation research at the University of Wisconsin-Madison.

"It seems clear that, whatever Foxconn eventually develops in Wisconsin, this will look nothing like the project that Scott Walker and his cronies. sold to the public", Levine said in an email.

"And now, it appears Foxconn is living up to their failed track record in the USA - leaving another state and community high and dry".

The investment was backed by $4 billion in controversial tax breaks and embraced by Trump, who hailed the deal when it was announced in 2017 as evidence of his "America First" plan in action.

Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it meant to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.

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It said the meetings will take place in the Eisenhower Executive Office Building, part of the White House complex. She said Liu will meet with Trump, as the President is eager to press the case for expanded U.S. exports to China.

There are no plans to scrap the facility but the company is considering what liquid-crystal display technology is best suited for the US$10 billion plant, Louis Woo, special assistant to Chairman Terry Gou, said on Wednesday.

Tom Still, president of the Wisconsin Technology Council, told the Associated Press he's not surprised that Foxconn wants to change course, since televisions are becoming less expensive and iPhone sales are declining.

Foxconn has scrambled the picture on its plans to build a $10 billion LCD campus in Wisconsin.

Assembly Democratic Minority Leader Gordon Hintz says the news is "devastating for the taxpayers of Wisconsin". "Moments ago, we broke ground on a plant that will provide jobs for much more than 13,000 Wisconsin workers".

Walker lost his reelection bid to Democrat Tony Evers in November amid harsh criticism of the Foxconn deal, which he'd championed since 2013.

In a statement Wednesday morning to WPR, Foxconn did not dispute the Reuters report, but said the company remained committed to Wisconsin.

Last summer, Trump highlighted his economic policies at a groundbreaking event for the massive Foxconn complex, which state officials initially said could house 11 football fields. We were promised a game-changing economic opportunity for our state.

July 11, 2018: Democratic gubernatorial candidate Matt Flynn said "Foxconn will not face oversight from any federal, state, or local agency to guarantee it complies with our wetlands protection laws." .

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