Foxconn’s Chairman Terry Gou discussed his commitment to his planned Wisconsin factory after a meeting with President Trump at the White House. According to the Wall Street Journal, Gou and Trump “discussed the latest updates and the positive progress” of the Wisconn Valley Science and Technology Park project during the meeting. Following the meeting, Gou visited the Wisconsin site to “confirm his commitment” to the project, sitting with stakeholders to further discuss. No definite details on that discussion are available.
According to Fox 6, leaders in Racine County called the meeting a "great opportunity." In a statement from Racine County Executive Jonathan Delgrave, the group said, "We covered many topics [during the meeting], including Foxconn's and the Chairman's ongoing commitment to investing in Racine County."
According to the article, Foxconn has been lagging behind on its projections for the Wisconsin-based liquid-crystal display factory, where it pledged two years ago to invest $10 billion and hire 13,000 people by 2032. On Monday, the Wall Street Journal reported Foxconn had spent only $99 million (1 percent of its pledged investment) as of the end of December.
According to the Midland Reporter Telegraph, questions about Foxconn’s commitment to the Wisconsin project have swirled for months, but Gou and the project’s backers have put those fears to rest.
White House Spokesperson Sarah Huckabee Sanders said in a statement on Thursday that Gou is “spending a lot of money in Wisconsin and soon will announce even more investment,” the Wall Street Journal reported.
