Trump hails great news that Foxconn Wisconsin factory back on track

03 February, 2019, 23:29 | Author: Billie Castillo
  • Complete statement from Foxconn Technology Group

Under Walker, Wisconsin promised nearly $4 billion in state and local tax incentives if the company invested $10 billion and created 13,000 jobs, according to the AP.

The company says it will invest $10 billion in a manufacturing campus that will produce large, Generation 10.5 liquid-crystal-display flat screens for big-screen TVs, self-driving cars, notebooks and other monitors.

"This is distressing news for Wisconsin taxpayers", said State Representative Mark Spreitzer.

It did not provide details on employment or products, although it said it meant to "broaden our investment across Wisconsin far beyond our original plans".

The news Friday comes after a week of confusion about Foxconn's plans in Wisconsin.

Even the company's renewed commitment Friday to building a Generation 6 LCD facility represents a stark downgrade from its original plan.

Hintz said the state hasn't paid out the incentives that are associated with employment and with capital investment, which could total to $4 billion of taxpayer money. Foxconn had initially agreed to build a Generation 10.5 plant, a much larger operation, in its contract with the state, but scaled back that commitment past year due to cost concerns.

Missouri Baseball, Softball Banned From Postseason In 2018-19 Following NCAA Investigation
The penalties mean that the Tigers will not be eligible for the SEC title game or a bowl game this upcoming fall. A 5-percent reduction in scholarships for football, baseball and softball during the 2019-20 academic year.

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

It said the decision was made after productive discussions between the White House and Foxconn and after a conversation between Trump and Gou.

Foxconn will proceed with its construction of a self-driving auto facility and a sixth generation LCD fab plant in Wisconsin after discussions with United States President Donald Trump about the project, the company's chairman Terry Gou (郭台銘) said Saturday. The "campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region", Foxconn said in a statement. Evers, Wisconsin's current governor who used Walker's support for Foxconn against him in the race, was a critic of the project during the campaign but has said this week he's working closely with Foxconn on the project.

Foxconn - as Hon Hai Precision Industry Co (鴻海精密) is commonly referred to in the West - is the world's largest contract electronics manufacturer and assembles most of its products in China, leaving it vulnerable to Trump's tariffs. He said he also met with Trump to discuss the Wisconsin plant during a trip to the December.

Louis Woo, special assistant to Gou, said on Wednesday that Foxconn wanted to create a "technology hub" in Wisconsin that would largely consist of research facilities.

Trump had unveiled the deal in the East Room of the White House with former Wisconsin Gov. Scott Walker in 2017 and attended a groundbreaking ceremony last summer in Racine County.



Sergio Garcia disqualified from Saudi International for damaging two greens
Garcia finished the round in a one-over, 71, but was disqualified by the European Tour via Rule 1.2a after his round ended. Starting on the back nine, Johnson opened with back-to-back birdies and added two more to make the turn in 31.

Pence in Florida: Time to end Maduro regime in Venezuela
The political crisis intensified on January 23 when Guaido proclaimed himself the country's legitimate leader. The self-declared president has no control over state institutions or any functions of day-to-day governance.

Facebook-WhatsApp integration not before 2020: Mark Zuckerberg
The number from Facebook Ad Manager gives 4.8 million as the total number of Facebook users in Singapore in 2018. According to Zuckerberg , the idea is to let people utilise the apps to enhance the experience.

Trump suggests he could declare emergency
Some are reluctant to cede Congress' constitutional power to control spending to any president, and many say there is no real border emergency.

Kyrie Irving uncertain on future despite making pledge to Boston Celtics
So I'm always going to be mature about that, professional, come to do my job every single day, and really just see what happens. Irving received a loud ovation when starting line-ups were announced and again when he touched the ball early in the game.

Darren Weir: Australian trainer in welfare scandal charged by stewards
The hugely successful trainer has nine horses running at Monnee Valley today including $2.65 favorite, Twitchy Frank, in race six. The unit is understood to have been investigating Weir's operation since August.

Groundhog Doesn't See His Shadow, Predicting Early Spring
It is only the 19th time out of the 123 recorded appearances that Phil has seen his shadow, the York Daily Record reported . In reality, Phil's prediction is decided ahead of time by a group on Gobbler's Knob, a tiny hill just outside Punxsutawney.

For Honor & Hitman headed to PlayStation Plus in February
It's a great choice for those who enjoy fighting games, but don't like getting distracted by complex combat systems and controls. This may prove frustrating to those hoping to stockpile games before eventually picking up a PS Vita or PS3 down the road.

Twitter And Facebook Ding Network Of Accounts Tied To Russia And Iran
Facebook announced on Thursday that it had removed 783 pages, accounts, and groups on both Facebook and Instagram that day. They were attempting to "represent themselves to be news outlets but are controlled by actors operating from Iran ".

Former Vikings quarterback Wade Wilson passes away
However, Wilson would return, and coach in the same role from 2007-2017, working with players such as Tony Romo and Dak Prescott . A member of the team from 1981 to 1991 where he played in 76 games and started 48, Wilson was named to the Pro Bowl in 1998.