Foxconn may not build a factory in Wisconsin after all, says top company exec
Foxconn’s promise to build a factory in Wisconsin has always been controversial, with critics pointing to huge state subsidies and the high cost of US labor as reasons not to take the Chinese firm at its word. Now, it seems Foxconn is facing the reality of the situation, too, with a special assistant to Foxconn’s chief executive saying that the company is considering shelving plans for a factory altogether.
“In Wisconsin we’re not building a factory. You can’t use a factory to view our Wisconsin investment,” Louis Woo, a special assistant to Foxconn chairman Terry Gou and a key negotiator in the Wisconsin deal, told Reuters.
Bloomberg reports that Woo said there were no plans to scrap the facility altogether but that the company was...
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