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Keyword: foxconn

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  • Foxconn to build Wisconsin manufacturing complex in Mount Pleasant

    10/05/2017 10:25:19 AM PDT · by spokeshave · 16 replies
    The Capital Times ^ | 10/04/2017 | By Jessie Opoien
    Taiwanese electronics giant Foxconn plans to build an LCD panel manufacturing facility in the southeastern Wisconsin village of Mount Pleasant, local officials announced Wednesday. The announcement comes just a few weeks after Gov. Scott Walker signed into law a $3 billion incentive package for the company, on track to be the largest subsidy to a foreign company in U.S. history.
  • Wisconsin Assembly sends $3 billion Foxconn incentive package to Scott Walker

    09/16/2017 6:40:10 PM PDT · by UB355 · 34 replies
    Milwaukee Journal Sentinel ^ | 9/14/2017 | Jason Stein
    MADISON – The Assembly on Thursday sent Scott Walker a multibillion-dollar subsidy package for a Taiwanese company, putting within reach the governor's bid to site a massive flat-screen plant in Racine County. The bill passed 64-31, with all but two Republicans voting for it and being joined by Democratic Reps. Cory Mason of Racine, Jason Fields of Milwaukee and Peter Barca and Tod Ohnstad of Kenosha.
  • Apple to build Iowa data center, get $207.8 million in incentives ($1.375 billion!)

    08/24/2017 2:19:27 PM PDT · by TigerClaws · 106 replies
    Apple Inc will build a $1.375 billion data center in Waukee, Iowa, Apple and state officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority and Waukee city council. Apple will purchase 2,000 acres (8.09 square km) of land in Waukee, about 20 miles (32 km) west of Des Moines, to build two data centers. The company will receive a $19.65 million investment tax credit for creating 50 jobs. Apple said the project will generate more than 550 jobs in construction and operations, but did not specify how many of those jobs would be...
  • DOT delays Zoo Interchange bids as state lawmakers put budget talks on back burner

    08/24/2017 8:09:35 AM PDT · by Tolerance Sucks Rocks · 1 replies
    FOX 6 Now ^ | August 1, 2017 | Theo Keith
    MADISON -- The state Department of Transportation has scrapped new bids on the massive Zoo Interchange project as lawmakers put the long-delayed state budget on the back burner and focus on Foxconn incentives instead.A special session will start at 11 a.m. Tuesday, August 1st on a bill that would extend $3 billion in tax breaks to the Taiwanese electronics company Foxconn, which has pledged to build a multi-billion dollar plant in southeastern Wisconsin and hire thousands of workers. A public hearing could happen this week.Meanwhile, Wisconsin's budget is a month late. Without funding, the state DOT has withdrawn three proposals...
  • Foxconn gives Trump’s jobs vow a shot in the arm with multibillion dollar investment in Michiga

    08/05/2017 6:44:59 PM PDT · by 2ndDivisionVet · 15 replies
    The South China Morning Post ^ | August 6, 2017 | Celia Chen
    Foxconn Technology Group, the world’s largest contract manufacturer of consumer electronics, said it’s planning a multibillion dollar investment in the US state of Michigan, a week after announcing a US$10 billion plant in Wisconsin, giving a shot in the arm to Donald Trump’s election pledge to lure investments and create jobs for Americans. The new plant will be engaged in the research, development and production of components and vehicles that can drive autonomously, said Terry Gou, founder of the Taiwanese company, on Saturday in Shenzhen. “Automotive development in the US is still more advanced than China,” said Gou, declining to...
  • How Wisconsin Lured Foxconn's Massive Manufacturing Plant

    08/01/2017 10:28:25 AM PDT · by SeekAndFind · 23 replies
    PJ Media ^ | 08/01/2017 | Avner Zarmi
    If everything goes according to plan, the joint efforts of Wisconsin’s Republican revolution and the Trump administration are about to pay off in a deal of historic dimensions. Foxconn Technology Group, a Taiwanese multi-national corporation which is the world’s largest contract electronics firm, has agreed to make a $10B investment in a new, state-of-the-art production facility in southeastern Wisconsin. The plant’s purpose will be to manufacture active matrix liquid crystal displays (AMLCDs) for use in assembling computers, televisions, iPhones, medical equipment, aircraft and automotive displays, and the like (Foxconn holds the contract to assemble iPhones for Apple). The proposed manufacturing...
  • Foxconn announces $10 billion investment in Wisconsin and up to 13,000 jobs

    07/26/2017 6:21:20 PM PDT · by UB355 · 19 replies
    Milwaukee journal sentinel ^ | Patrick Marley and Jason Stein |
    Foxconn Technology Group on Wednesday pledged to invest $10 billion to build a display panel plant in Wisconsin that could employ up to 13,000 workers and draw up to $3 billion in subsidies from state taxpayers — a deal that could ripple through the economy and 2018 elections.
  • Trump is set to make a big jobs announcement, and all signs points to a Foxconn plant in Wisconsin

    07/26/2017 12:52:22 PM PDT · by 2ndDivisionVet · 15 replies
    Business Insider ^ | July 26, 2017 | Kif Leswing
    President Donald Trump is set to make a big jobs announcement Wednesday afternoon at the White House. He's expected to appear with Foxconn CEO Terry Gou to announce a new factory in Wisconsin that will make liquid-crystal displays, or the screens that eventually get turned into flat-screen TVs, according to reports from The Associated Press, CNBC, and Bloomberg. Foxconn is best known as Apple's primary manufacturing partner, and it assembles products like the iPhone. Apple spent $75 billion with Foxconn in 2016. Foxconn does most of its manufacturing in Asia, though it has facilities in Brazil, India, and other countries....
  • White House to announce Apple-supplier Foxconn plant in Wisconsin on Wednesday:

    07/26/2017 8:07:08 AM PDT · by Hojczyk · 7 replies
    CNBC ^ | July 26,2017 | Scott Cohn | Anita Balakrishnan
    Apple-supplier Foxconn will announce a plant in Wisconsin on Wednesday evening, accompanied by President Donald Trump, and Wisconsin Gov. Scott Walker, a source with knowledge of the announcement told CNBC. U.S. House Speaker Paul Ryan, R-Wis., will also be present at the announcement in Washington, a source said. No exact location for plant has been chosen — but southeast Wisconsin is under consideration, according to a source. The Wall Street Journal reported that Foxconn may be eyeing a new U.S. plants for display panels.
  • Scott Walker heads to D.C. as Trump prepares for Wisconsin Foxconn announcement

    07/26/2017 8:09:48 AM PDT · by UB355 · 22 replies
    Milwaukee Journal-SEntinal ^ | 7/26/17 | Patrick Marley and Jason Stein
    MADISON - Foxconn Technology Group will announce at the White House on Wednesday its plans to bring jobs to Wisconsin. Company officials have talked about a massive investment in the United States that would create thousands of jobs. They have visited Wisconsin and other states in recent weeks as they consider their options
  • Trump said Apple's Tim Cook 'promised' him he'd build three US factories, says report

    07/25/2017 2:22:02 PM PDT · by 2ndDivisionVet · 5 replies
    CNBC ^ | July 25, 2017 | Anita Balakrishnan
    President Donald Trump told The Wall Street Journal that Apple is moving forward with three big U.S. factories in an interview published on Tuesday. Apple CEO Tim Cook called Trump to share that the iPhone-maker would do more manufacturing domestically, Trump told the Journal. "I spoke to [Mr. Cook], he's promised me three big plants -- big, big, big," Trump reportedly said. Apple has already said that it would start a $1 billion fund to promote advanced manufacturing jobs in the United States. The company was not immediately available to comment on the report and did not comment to The...
  • States vie for Foxconn display panel factory

    07/23/2017 4:42:21 PM PDT · by 2ndDivisionVet · 9 replies
    The Mining Journal ^ | July 23, 2017 | David Eggert, The Associated Press
    LANSING — Taiwanese electronics maker Foxconn’s plan to build a display panel factory in the U.S. has sparked a flurry of lobbying by states vying to land what some economic development officials say is a once-in-a-generation prize. It’s not just jobs that are up for grabs — possibly 5,000 alone at the plant and potentially thousands more at other unspecified U.S. operations the company intends to launch. Luring Foxconn to build the country’s first liquid-crystal display factory would signal that the Midwest, which has hemorrhaged manufacturing jobs in recent decades, can diversify into again producing high-tech consumer gadgets often assembled...
  • Foxconn plans U.S. display making plant for over $10 billion, scouting for location

    06/22/2017 7:44:59 AM PDT · by GonzoII · 14 replies
    Reuters ^ | Thu Jun 22, 2017 | By Jess Macy Yu and J.R. Wu | TAIPEI
    Foxconn (2317.TW), the world's largest contract electronics maker and a major Apple Inc (AAPL.O) supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month. The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, had previously said the company hoped to spend over $7 billion to set up a display-making plant in the country - which has no panel-making industry but is the No.2 market for televisions. Foxconn, formally known as Hon Hai Precision Industry Co, is...
  • Foxconn plans 'capital-intensive' U.S. investment -Chairman Gou

    04/28/2017 12:25:03 PM PDT · by 2ndDivisionVet · 6 replies
    Thomson Reuters Foundation ^ | April 28, 2017 | Ayesha Rascoe and J.R. Wu, Reuters
    WASHINGTON/TAIPEI, April 28 (Reuters) - Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, is planning a "capital-intensive" investment in the United States, Chairman Terry Gou said as he exited the White House on Friday. Formally known as Hon Hai Precision Industry Co, Foxconn operates large manufacturing facilities in China, which is a base for its assembly of Apple's iPhones. The Taiwan-based company has been eyeing U.S. investments for some time. President Donald Trump has made several announcements since his election in November about U.S. investments by both foreign and domestic manufacturers, building on his campaign...
  • Terry Gou in apparent White House meeting with Trump (Many thousands of possible jobs)

    04/27/2017 10:23:50 PM PDT · by 2ndDivisionVet · 3 replies
    The China Post ^ | April 28, 2017 | Staff
    Hon Hai Chairman Terry Gou was seen exiting the White House Thursday after a reported meeting with U.S. President Donald Trump. The billionaire Taiwanese tech mogul refused to confirm meeting Trump, telling reporters in English: "My memory is not good; maybe I already forgot," according to the Central News Agency. White House officials did not respond immediately to questions regarding the reported meeting. Rumors of a possible meet between Gou and Trump surfaced Thursday when the Nikkei Asian Review quoted unnamed sources familiar with the plan. That report also indicated that Gou met with Trump's son-in-law Jared Kushner in late...
  • Apple supplier Foxconn mulling $7 billion investment in US to create 50,000 jobs; Pennsylvania wins!

    01/23/2017 7:15:32 AM PST · by SeekAndFind · 37 replies
    American Thinker ^ | 01/22/2017 | Thomas Lifson
    The world’s largest contract manufacturer of electronics, the principal supplier of iPhones and iPads, has let it be known that Pennsylvania may be the home of a massive investment in US manufacturing. Bloomberg reports:  Foxconn Technology Group is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple Inc.’s main manufacturer that may create tens of thousands of American jobs during President Donald Trump’s first year in office. The company is considering a joint investment with Sharp Corp.[1], the Japanese display supplier it bought last year, but details have yet to be hammered out,...
  • Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

    01/22/2017 10:53:57 AM PST · by Hojczyk · 30 replies
    Yahoo Tech ^ | January 22,2017 | By J.R. Wu
    Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to put "America First" in his inauguration speech on Friday, prompting Gou to warn about the rise of protectionism and a trend for politics to underpin economic development. Foxconn's proposal to build a display plant, which would be planned with its Sharp Corp <6753.T> unit, depend on many factors, such as investment conditions, that would...
  • Taiwan's Foxconn chief confirms mulling $7 bn US investment

    01/22/2017 10:14:43 AM PST · by 2ndDivisionVet · 8 replies
    Yahoo! News ^ | January 22, 2017 | Agence France Presse
    Taipei (AFP) - The head of Taiwan's tech giant Foxconn confirmed Sunday he is considering a $7 billion investment to make TV flat panels in the United States in a joint project with Japan's SoftBank. US President Donald Trump had announced before taking office a $50 billion deal with SoftBank which he said would generate 50,000 jobs. Trump was speaking last month alongside SoftBank's chief executive Masayoshi Son, who displayed a document which indicated Softbank and Foxconn would "commit to invest $50bn + $7bn in US, generate 50k + 50k new jobs in US in next four years". Foxconn, a...
  • Another Trump Win: Apple Supplier Foxconn Says It Is In Discussions To Expand US Operations

    12/07/2016 12:15:03 PM PST · by servo1969 · 18 replies
    Zerohedge.com ^ | 12-7-2016 | Tyler Durden
    There is over a month left until Trump's inauguration, and the President-elect's hard-hitting negotiating style may have scored yet another economic victory: according to a statement issued by Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, the company said it was in preliminary discussions to expand its operations in the United States. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," it said in a statement. Foxconn in its statement did...
  • Foxconn says in preliminary discussions to expand U.S. operations

    12/07/2016 11:59:53 AM PST · by 2ndDivisionVet · 2 replies
    Yahoo! Sports ^ | December 7, 2016 | Reuters
    TAIPEI (Reuters) - Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, said on Wednesday that it was in preliminary discussions to expand its operations in the United States. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," it said in a statement. On Tuesday, Masayoshi Son of Japan's SoftBank Group Corp <9984.T> said he would invest $50 billion in the United States and create 50,000 new jobs, a move U.S. President-elect...