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Foxconn still plans to build a facility in the USA
21.10.2021 [12:58],
Alexey Razin

“Make America Great Again” Donald Trump promised during the first presidential campaign. Then, as an illustration of the initiative to create new jobs in the United States, the Taiwanese company Foxconn was involved in the construction of an enterprise in Wisconsin, which was supposed to provide jobs for 10 thousand local residents. Foxconn now claims that it has not abandoned the project.

Image Source: Getty Images

On the other hand, as noted by the Nikkei Asian Review, Foxconn founder Terry Gou admitted that “a lot has changed in the world since the beginning of cooperation with the Wisconsin authorities.”. The change in the timing of the American Foxconn project was influenced by the pandemic and market conditions. The company itself has since revised the range of its own products and the specifics of plans to expand production. But that didn’t affect Foxconn’s determination to see it through, according to the company’s founder.

At the moment, Foxconn has already had to invest about $ 750 million of its own funds in the development of the project. When the initial agreements were formed, Wisconsin was ruled by an ally and fellow Trump in the Republican Party, and now the governor of the state is a representative of the Democratic Party. He stated that the agreement with Foxconn needs to be revised, as the company does not fulfill its obligations to organize local workplaces. Last year, 750 people were hired, Foxconn believes that this is enough to fulfill the terms of the contract. The state authorities seem to have a different view of this problem. Initially, the company was supposed to receive up to $ 4 billion in tax preferences from the state authorities, which looked like a good help against the background of the total construction budget of $ 10 billion.

Terry Gow summarized that Foxconn will stick to plans to build a facility in Wisconsin as long as local and federal authorities can support this initiative. The company is ready not only to create new jobs here, but also to attract investments. It is still unclear what type of products will roll off the assembly line of the future enterprise, since the company changed its mind about producing LCD displays on it.

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