Taiwan's Foxconn to build three ancillary
facilities as part of Wisconsin LCD campus
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[August 21, 2017]
TAIPEI (Reuters) - Taiwanese
electronics manufacturer Foxconn on Monday said it plans to build three
facilities in the U.S. state of Wisconsin for operation as early as next
year, as part of a campus housing a $10 billion liquid crystal display
(LCD) factory due for 2020.
Foxconn, which makes electronics under contract for clients such as
Apple Inc <AAPL.O>, announced its $10 billion plan at the White House in
July, saying the LCD plant would occupy 1,000 acres in the state's south
Foxconn, formally Hon Hai Precision Industry Co Ltd <2317.TW>, said it
will begin by setting up a back-end packaging line, high-precision
molding line and end-device assembly line. It may also start importing
glass from Taiwan, China and Japan.
The three facilities will require combined investment of under $1
billion, Louis Woo, special assistant to Foxconn Chairman Terry Gou,
told Reuters on Monday. The jobs they generate will fall under the
13,000 positions that Foxconn has said its $10 billion investment would
directly create, Woo said.
Wisconsin's Republican-controlled state Assembly voted last week to
approve a bill aimed at establishing a $3 billion incentive package for
The bill next needs approval from the joint finance committee - with
members from both the Assembly and state Senate - as well as from the
Senate before going to the governor.
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Terry Gou, founder and chairman of Foxconn reacts during an
interview with Reuters in New Taipei City, Taiwan June 12, 2017.
REUTERS/Eason Lam/File Photo
Foxconn expects a final decision on the matter in September, and if
the bill wins final approval, the firm will immediately begin land
survey work, Woo said.
He also said Foxconn is considering investing in other states, but
has not finalised any plans.
Michigan state's governor recently met Gou at a Foxconn facility in
the southeastern Chinese city of Shenzhen.
(Reporting by Jess Macy Yu; Editing by Miyoung Kim and Christopher
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