Foxconn May Scale Back $10 Billion U.S. Plant, Reuters Says

Foxconn May Scale Back $10 Billion U.S. Plant, Reuters SaysSuch a move could undermine promises to create 13,000 jobs at a project hailed by U.S. President Donald Trump for reviving American manufacturing. Apple Inc.’s main manufacturing partner is re-thinking its approach because of the high cost of making advanced TV screens from the U.S., Reuters cited spokesman Louis Woo as saying. Foxconn unveiled the Wisconsin project with much fanfare in 2017 as the Taiwanese company extracted a raft of incentives from the state, although some were forfeited last year after falling short of hiring goals.




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