Foxconn is reconsidering plans to make advanced LCD panels at a $10 billion Wisconsin campus, challenging Trump's claim that he could revive American manufacturing

Reuters/Kevin Lamarque

• Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus.
• Foxconn said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.
• The 20-million square foot campus marked the largest investment by a foreign-based company in US history and was praised by President Trump as proof of his ability to revive American manufacturing.
• Louis Woo, special assistant to Foxconn Chief Executive Terry Gou, said the company was still evaluating options for Wisconsin, but cited the steep cost of making advanced TV screens in the United States.

(Reuters) — Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.

Announced at a White House ceremony in 2017, the 20-million square foot campus marked the largest greenfield investment by a foreign-based company in US history and was praised by President Donald Trump as proof of his ability to revive American manufacturing.

See the rest of the story at Business Insider

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