![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/strong>
WASHINGTON: Taiwan electronics manufacturer Foxconn<\/a> is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called \"the eighth wonder of the world.\"
Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000.
The Foxconn-Wisconsin deal was first announced to great fanfare at the White House<\/a> in July 2017, with Trump boasting of it as an example of how his \"America first\" agenda could revive U.S. tech manufacturing.
For Foxconn, the investment promise was an opportunity for its charismatic founder and then-chairman, Terry Gou, to build goodwill at a moment when Trump's trade policies threatened the company's cash cow: building Apple Inc's iPhones in China for export to America.
Foxconn, the world's largest contract manufacturer of electronic devices<\/a>, proposed a 20-million-square-foot manufacturing campus in Wisconsin that would have been the largest investment in U.S. history for a new location by a foreign-based company.
It was supposed to build cutting-edge flat-panel display screens for TVs and other devices and instantly establish Wisconsin as a destination for tech firms.
But industry executives, including some at Foxconn, were highly skeptical of the plan from the start, pointing out that none of the crucial suppliers needed for flat-panel display production were located anywhere near Wisconsin.
The plan faced local opposition too, with critics denouncing a taxpayer giveaway to a foreign company and provisions of the deal that granted extensive water rights and allowed for the acquisition and demolition of houses through eminent domain.
As of 2019, the village where the plant is located had paid just over $152 million for 132 properties to make way for Foxconn, plus $7.9 million in relocation costs, according to village records obtained by Wisconsin Public Radio and analyzed by Wisconsin Watch.
Foxconn, formally called Hon Hai Precision Industry Co Ltd<\/a>, said the new agreement gives it \"flexibility to pursue business opportunities in response to changing global market conditions.\" The company said \"original projections used during negotiations in 2017 have at this time changed due to unanticipated market fluctuations.\"
After abandoning its plans for advanced displays, Foxconn later said it would build smaller, earlier-generation displays in Wisconsin, but that plan never came to fruition either. (https:\/\/www.reuters.com\/article\/us-foxconn-wisconsin-exclusive\/exclusive-foxconn-reconsidering-plans-to-make-lcd-panels-at-wisconsin-plant-idUSKCN1PO0FV)
Prior to Tuesday's announcement, Foxconn Chairman Liu Young-way told reporters in Taipei that the company currently makes servers, communications technology products and medical devices in Wisconsin, adding that electric vehicles (EVs) have a \"promising future\" there. He did not elaborate.
Liu had previously said the infrastructure was there in Wisconsin to make EVs because of its proximity to the traditional heartland of U.S. automaking, but the company could also could decide on Mexico.
Hon Hai shares fell as much as 1.6% on Wednesday morning, underperforming the broader Taiwan market which was down 0.7%.
INCENTIVES<\/strong>
Wisconsin Governor Tony Evers said the new agreement will save Wisconsin taxpayers \"a total of $2.77 billion compared to the previous contract, maintain accountability measures requiring job creation to receive incentives, and protect hundreds of millions of dollars in local and state infrastructure investments made in support of the project.\"
Evers said under the deal negotiated between the Wisconsin Economic Development Corporation and Foxconn, the Taiwan company is eligible to receive up to $80 million in performance-based tax credits over six years if it meets employment and capital investment targets. He stressed that the incentives were in line with those available to any company.
The state will reduce the tax credits authorized for the project to $80 million from $2.85 billion.
The original Wisconsin package also included local tax incentives and road and highway investments by state and local governments, which brought total taxpayer-funded subsidies to more than $4 billion.
Foxconn noted that since 2017, it has invested $900 million in Wisconsin, including several different facilities in the state.
The state has already spent more than $200 million on road improvements, tax exemptions and grants to local governments for worker training and employment, according to the records obtained by Wisconsin Public Radio.
<\/body>","next_sibling":[{"msid":82174341,"title":"Netflix's subscriber growth, stock zapped as pandemic eases","entity_type":"ARTICLE","link":"\/news\/netflixs-subscriber-growth-stock-zapped-as-pandemic-eases\/82174341","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":82174475,"entity_type":"ARTICLE","title":"Foxconn mostly abandons $10 bln Wisconsin project touted by Trump","synopsis":"Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000.","titleseo":"telecomnews\/foxconn-mostly-abandons-10-bln-wisconsin-project-touted-by-trump","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":439,"shares":0,"engagementtimems":1506000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2021-04-21 10:40:15","lastupd":"2021-04-21 10:43:01","breadcrumbTags":["Foxconn","Hon Hai Precision Industry Co Ltd","white house","Foxconn Wisconsin project","Devices","international"],"secinfo":{"seolocation":"telecomnews\/foxconn-mostly-abandons-10-bln-wisconsin-project-touted-by-trump"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2021-04-21" data-index="article_1">
- Telecom乐动扑克News
- 3分钟阅读
富士康主要放弃10美元左右威斯康辛州项目被压倒
在处理威斯康辛州周二宣布,富士康将减少其计划投资从6.72亿美元降至100亿美元,削减新的就业岗位的数量从13000年到1454年。
读到
华盛顿:台湾电子产品制造商富士康大幅缩减计划100亿美元工厂在威斯康辛州,确认其退出项目,美国前总统唐纳德·特朗普曾被称为“世界第八大奇迹”。
在处理威斯康辛州周二宣布,富士康将减少其计划投资从6.72亿美元降至100亿美元,削减新的就业岗位的数量从13000年到1454年。
Foxconn-Wisconsin交易最初是在大张旗鼓地宣布白宫2017年7月,特朗普拥有它为例,说明他的“美国第一”的议程可能重振美国技术制造。
富士康的投资承诺是一个机会为其魅力的创始人和时任董事长郭台铭(Terry Gou),建立商誉当特朗普的贸易政策威胁到公司的现金牛:构建苹果(aapl . o:行情)的iphone在中国出口到美国。
富士康是世界上最大的合同电子制造商设备提出了一个2000万平方英尺的制造业校园在威斯康辛州,美国历史上最大的投资由一家外国公司一个新的位置。
它应该建立先进的平板电视和其他设备显示屏和立即建立威斯康辛州作为科技公司的一个目的地。
但业内高管,包括一些在富士康,高度怀疑的计划从一开始,指出没有一个平板显示器生产所需的关键供应商位于威斯康辛州。
该计划面临当地反对派,批评人士谴责纳税人赠品一家外国公司并获得广泛的水权交易的条款,并允许收购通过征用和拆迁的房屋。
截至2019年,村里工厂所在地支付了超过1.52亿美元的132属性来富士康,加上790万美元的搬迁成本,根据村庄记录了威斯康辛州公共广播和分析了威斯康辛州的手表。
富士康,正式称为鸿海精密工业股份有限公司有限公司表示,新协议赋予它“灵活地追求商业机会以应对不断变化的全球市场条件。”The company said "original projections used during negotiations in 2017 have at this time changed due to unanticipated market fluctuations."
后来放弃其计划后,先进的显示,富士康表示,它将修建小,早期显示在威斯康辛州,但这一计划也没能实现。(https://www.reuters.com/article/us-foxconn-wisconsin-exclusive/exclusive-foxconn-reconsidering-plans-to-make-lcd-panels-at-wisconsin-plant-idUSKCN1PO0FV)
周二的声明之前,富士康董事长刘Young-way在台北告诉记者,公司目前使服务器、通信技术产品和医疗设备在威斯康辛州,并称电动车(电动汽车)有一个“有前途的未来”。他没有详细说明。
刘曾表示在威斯康辛州的基础设施使电动汽车由于其接近传统的美国汽车制造中心,但该公司也可以决定在墨西哥。
鸿海股价下跌多达1.6%周三早上,表现不佳的更广泛的台湾市场下降了0.7%。
激励
威斯康辛州州长托尼·埃弗斯说,新协议将拯救威斯康辛州纳税人”总计27.7亿美元相比以前的合同,维护问责措施需要创造就业机会获得激励,并保护数亿美元在当地和国家基础设施投资项目的支持。”
埃弗斯表示,在威斯康辛州经济发展公司之间的交易谈判和富士康,台湾公司有资格获得多达8000万美元的绩效6年税收抵免,如果满足就业和资本投资目标。他强调,激励符合那些提供给任何公司。
国家将减少税收抵免授权的项目从28.5亿美元到8000万美元。
最初的威斯康辛州包还包括当地的税收激励和道路和高速公路的州和地方政府的投资,使纳税人的补贴总额超过40亿美元。
富士康指出,自2017年以来,它已投资9亿美元在威斯康辛州,包括几种不同的设施。
政府已经花了超过2亿美元的道路改善、免税和赠款为职工培训和就业,地方政府根据记录了威斯康辛州公共广播电台。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动