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Decision Time for Foxconn's Announcements Regarding Multiple U.S. Plants Draws Nigh

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Last month Patently Apple posted a report titled "Foxconn is closer to Announcing their new U.S. Plant Location and it just might be Wisconsin." The report noted that while the deal hadn't been cemented just yet, it would appear that Wisconsin is going to get the new Foxconn Plant. President Donald Trump alluded to negotiations with an unspecified company during a visit to Milwaukee yesterday, saying Walker might get "a very happy surprise very soon." Trump added that "we were negotiating with a major, major incredible manufacturer of phones and computers and televisions." Flash forwarding to today and the Wall Street Journal (WSJ) has published a report titled "Apple Supplier Foxconn Looks at Producing Display Panels in Wisconsin."

 

According to the WSJ report, the announcement of a TV plant could come as early as this week. "Mr. Gou has been meeting U.S. political leaders to discuss possible sites, people familiar with the discussions said. House Speaker Paul Ryan, a Republican who represents a district in southeastern Wisconsin, said earlier this month that he has met Foxconn officials."

 

Our previous reports on the matter (one, two and three) have much more meat on their bones than the anemic WSJ report that first sounds definitive and then backs off by stating that "the people cautioned that a final decision hasn't been set and that Foxconn could make last-minute changes. They said Foxconn was contemplating events in Washington, D.C., and Wisconsin to discuss its plans."

 

Our April report noted that Foxconn's Chairman Gou stated that "We are planning a number of investments in America. This project will include both capital-intensive and skilled labor-intensive and high-tech investment."

 

So in the end it could be that Wisconsin gets the first nod but that other states in the race may also end up being big winners. Our June 22 report covered Foxconn's 'Flying Eagle' Project worth billions in U.S. Investment could cover displays, semiconductor packaging and more.

 

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