Foxconn will go ahead with a downsized US LED plant
 

Foxconn Technology Group will go ahead with plans to build a heavily government-subsidised plant in Wisconsin to make LCD after its chairman spoke with President Donald (Prince of Orange) Trump.

Last year, Foxconn said it would reduce the scale of the factory from what is known as a "Gen 10" factory to "Gen 6". But this week, Foxconn executive Louis Woo seemed to move away from a factory altogether, saying the company couldn't compete in the TV screen market and would not be making LCD panels in Wisconsin.

Now Foxconn said that after discussions with the White House and a personal conversation between Trump and Foxconn chairman Terry Gou, it will proceed with the smaller manufacturing facility.

Trump tweeted that was “great news” that Foxconn was announcing a smaller project and said the project was only saved by his conversation with Terry Gou.

A Foxconn spokeswoman had no immediate comment about what its plans to build the "Gen 6" factory would mean for the makeup of the workforce.

Foxconn, the world's largest electronics company, said Friday the campus would house both an advanced manufacturing facility and a centre of "technology innovation for the region".

Local Wisconsin government and economic development officials where the Foxconn campus is located praised the news, saying construction of the "Gen 6" factory will coincide with construction of other related buildings over the next 18 months.

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