Foxconn Re-thinking to Build LCD Display Plant at Wisconsin

A Taiwanese electronics manufacturing company, Foxconn Technology Group is returning towards its project to manufacture advanced LCD panels at Wisconsin plant. This time the company prefers to appoint researchers and well-skilled engineers instead of ordinary factory workers as it already planned. As announced at White House ceremony in 2017, Wisconsin’s 20 million square foot campus was labelled by a foreign-based company, with a substantial investment in history.  President Donald Trump had also acclaimed the event as it had evinced the ability of the American manufacturing industry.

Foxconn project was publicly promoted and also received arguable state. In the beginning, Foxconn was planning to fabricate large screen displays for TVs, consumer products and professional appliances at the plant. But later the company had decided to start production for smaller screens first.

As a member of the Foxconn group, Mr. Louis Woo said that all plans could be slashed or rescheduled. The company was pondering to select alternatives for Wisconsin plant but recently referring to build advanced TV displays in the U.S. even after considering significant concern regarding high labor expenses. If we found that a certain size of the display in trends and has more supply from overseas whether, from China or Taiwan, the group needs to re-think about previous plans, he added further.

Foxconn actually seeks to build a technology hub instead of the LCD manufacturing plant in Wisconsin. According to the company’s planning, the tech hub would comprise research facilities and assembly operations. The company may also manufacture specialized products to offer professional, healthcare, and corporate industries, Woo said. This month, the company emphasized its plan to hire 13,000 workers for Wisconsin project, even so, the company is moving slower in case of new hiring, the company informed. As per reported by sources, Foxconn CEO Terry Gou is planning to meet Democratic governor of Wisconsin late this year to discuss alteration of the agreement.

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Joseph is the co-founder of News Earlier. He is working extensively in gathering business related news.

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