After several reports and Trump’s tease earlier this week, Foxconn this evening officially announced its plan to build an LCD factory in Wisconsin. The move was announced by Foxconn Chief Terry Gou and Trump, alongside Wisconsin governor Scott Walker. House speaker Paul Ryan was also present.
Foxconn Stories Yesterday
Foxconn reportedly settled on Wisconsin for its TV & monitor display plant
Foxconn Stories June 22
Foxconn says that it is still planning to set up U.S. manufacturing plants in ‘several’ states, in a deal worth $10B. Some $7B of that investment is earmarked for display production, with the balance allocated to a mix of other products.
Foxconn chairman Terry Gou initially said that the company was looking at midwest states, before later naming seven states as candidates …
Foxconn Stories June 12
Foxconn’s bid to acquire a share of Toshiba’s chip unit seems to be turning into something of a Who’s Who of the tech industry. After confirming that Apple’s participation in the bid had now been approved by Tim Cook and the full board, Foxconn CEO Terry Gou has named other companies who may join …
Foxconn Stories June 5
We first learned back in March that Foxconn was planning a bid to acquire Toshiba’s semiconductor business, which mostly makes flash storage chips. The following month, it was said to have increased its bid to $27B in an attempt to defeat rival bids, and it was later suggested that Apple would be seeking its own direct stake in the business …
Foxconn Stories April 27
President Trump has been critical of Apple’s foreign manufacturing practices in the past and has called on Apple to build its products in the United States. Now, Trump is set to meet with one of Apple’s top manufacturing partners, Foxconn.