Foxconn Damage Control: Promises to Stick by Factory Plans in Wisconsin

Foxconn recommits to $10B Wisconsin plant after call from Trump

Foxconn again shifts Wisconsin plan after Trump intervenes

Reports swirled this week suggesting Foxconn was backing off its plan to build the factory, a project championed by Trump and Walker as a sign of a resurgence in American-based manufacturing.

"After productive discussions, between the White House and the company", and a personal conversation between Trump and Gou, "Foxconn is moving forward with our planned construction of a [Generation] 6 fab facility, which will be at the heart of the Wisconn Valley Science and Technology Park", the Taiwanese company said.

Nikkei said it had obtained a document that showed Foxconn reached its decision to after negotiations with Evers.

Trump tweeted that it was "great news" for Wisconsin.

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Following several concerning reports about the state of Foxconn's business overseas, and some rumors that the company was considering abandoning their multi-billion dollar panel production project in Wisconsin, the company has re-confirmed that despite some shift in focus, the Mount Pleasant panel factory remains on track.

But Foxconn said on Friday it would move forward with its planned construction of a plant.

"In terms of TV, we have no place in the U.S.", Louis Woo, a special assistant to Gou, told Reuters on Wednesday, citing cost concerns compared with manufacturing in Asia.

State and local leaders have promised Foxconn an unprecedented $4 billion in incentives. "We have undertaken the evaluation while simultaneously seeking to broaden our investment across Wisconsin far beyond our original plans to ensure the company, our workforce, the local community, and the state of Wisconsin will be positioned for long-term success".

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On Friday Evers said he believed Foxconn was committed to Wisconsin but said the company needed to do a better job of communicating its intentions.

President Donald Trump takes a tour of Foxconn with Foxconn chairman Terry Gou, right, and CEO of SoftBank Masayoshi Son in Mt. Not since President Ronald Reagan in 1984 had a Republican carried Wisconsin in a presidential election, and a big part of Trump's Rust Belt strategy - which also brought unexpected wins in Pennsylvania and MI - was a heavy emphasis on bringing blue-collar manufacturing jobs back to the United States.

It was a reversal from news earlier this week that the company was scaling back its plans to open a factory and create manufacturing jobs. This factory would have reportedly created 13,000 jobs, and it was praised by Trump as the "eighth wonder of the world". But I also think that means the 13,000 is not going to happen tomorrow.

"As we have previously noted, the global market environment that existed when the project was first announced has changed", the company said in a statement.

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"There's no limit, frankly, to skepticism if the messaging isn't coherent", Evers told reporters. Woo said the Wisconsin project would be more of a research hub, rather than having a manufacturing focus. "In addition, there have been no attempts by either the company or the Evers or Walker administrations to renegotiate the contract".

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