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 reconsidering what operations might be best for the site. Woo told Reuters that Foxconn couldn’t compete in the US TV market if it used domestic labor to build LCD panels — something that outside commentators have previously noted. “In terms of TV, we have no place in the U.S.,” said Woo. “If a certain size of display has more supply, whether from China or Japan or Taiwan, we have to change, too.” Earlier this month,… Read full this story
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