MT. PLEASANT, WI -- It was on. Then it was off. Now it is on again.
Foxconn's plan to construct a multi-million sq. ft. LCD display factory here is back on, the company said, one day after the company said changing market conditions were forcing it to scale back most of its planned investment.
After company executives talked with US government officials including President Trump, the world's largest ODM/EMS issued a statement saying: "After productive discussions between the White House and the company, and after a personal conversation between President Donald J. Trump and Chairman Terry Gou, Foxconn is moving forward with our planned construction of a Gen 6 fab facility, which will be at the heart of the Wisconn Valley Science and Technology Park. This campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region.
"Our decision is also based on a recent comprehensive and systematic evaluation to help determine the best fit for our Wisconsin project among TFT technologies. We have undertaken the evaluation while simultaneously seeking to broaden our investment across Wisconsin far beyond our original plans to ensure the company, our workforce, the local community, and the state of Wisconsin will be positioned for long-term success.
"We look forward to continuing to expand our investment in American talent in Wisconsin and the US."
Foxconn's original plan called for a 20-million sq. ft. campus that would ultimately employ 13,000 workers.