With the Trump’s promotion of the New Deal, many factories choose to set up factories in the United States to more easily sell products in the United States, which also includes Foxconn.
Foxconn In The US
Now Foxconn’s US plant has made new progress. It is reported that the Wisconsin Economic Development Agency has approved a $ 3 billion incentive plan for Foxconn, and Foxconn will basically establish a factory in the State. It is reported that Foxconn will build a large-scale liquid crystal display factory in the United States, the specific location is located in the southeastern Wisconsin1000 acres of land with a total investment of about 10 billion US dollars. So the state government’s 3.5 billion US dollars in incentive funds is still very attractive.
Factory plans to start operation in 2020, and provide 13,000 local jobs. According to Foxconn’s previous statement, the factory’s wages will not be less than 54,000 US dollars, equivalent to about 365,000 yuan, far higher than the labor costs in mainland China.