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Foxconn’s Wisconsin Factory Never Made Sense

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More than a year after committing to build a $10 billion factory in the state of Wisconsin, Foxconn threw in the towel on the “factory” concept yesterday, telling Reuters that the company now thinks it will be too expensive to manufacture LCD panels in Wisconsin as initially intended… In a statement to CNN Business, Foxconn said that “we remain committed to the Wisconsin Valley Science and Technology Park project, the creation of 13,000 jobs, and to our long-term investment in Wisconsin. The global market environment that existed when the project was first announced has changed. As our plans are driven by those of our customers, this has necessitated the adjustment of plans for all projects, including Wisconsin. While the project’s focus will be adjusted to meet these new realities, the Wisconsin project remains a priority for our company.”…

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