Foxconn

The Wide-Ranging Ways In Which The Coronavirus Is Hurting Global Business

5:36pm February 19, 2020

Some factories are beginning to reopen, but labor shortages continue. In a recent poll of U.S. companies by Shanghai's American Chamber of Commerce, 78% said they lack staff to resume full production.

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Foxconn's substation under construction in Mount Pleasant, Wis., on Dec. 15, 2019. State officials hope the company will help turn the region into the next Silicon Valley.

National

Foxconn's Promises Slow To Materialize In Wisconsin

5:45pm January 14, 2020

Foxconn was touted as part of a new revival in U.S. manufacturing, and state officials offered nearly $4 billion to lure the company to Wisconsin. Things haven't gone quite as planned.

President Trump speaks at the White House alongside Foxconn Chairman Terry Gou during an announcement last July that the electronics supplier will open a manufacturing facility in Wisconsin.

Wisconsin Hopes Foxconn Will Make It A Digital Hub, But Skepticism Abounds

8:53am June 28, 2018

by Jim Zarroli

President Trump, who will attend the plant's groundbreaking Thursday, sees Foxconn as part of a new revival in U.S. manufacturing, but the state had to fork over billions to lure the company.

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Wisconsin lawmakers are considering a $3 billion package of incentives to encourage Taiwanese electronics company Foxconn, which has had a presence in southern China, to build a factory in the state.

Despite Fiscal Warning, Wisconsin Plans To Move Ahead With Foxconn Deal

5:11pm August 11, 2017

by Laurel White

An estimate from the Wisconsin Legislature's nonpartisan budget office found that the state wouldn't break even on incentives for the Taiwanese tech company until 2043.

Terry Gou, chairman of Foxconn Technology Group, speaks to media at the Sharp Corp. headquarters in Osaka, Japan, earlier this month. The two companies are in takeover talks.

Sharp Accepts $6 Billion Bid From Foxconn, Which Then Puts Deal On Hold

3:12pm February 25, 2016

by Bill Chappell

After the deal was announced, Sharp's stock fell more than 14 percent. And Foxconn now says it will postpone finalizing the sale due to late-arriving information.