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Company News
>> Pass Foxconn to Reduce U.S. Welsh Investment to Apple iPhone Screen Officially Denied
The Nikkei Asia Review recently quoted informed sources that Hon Hai Technology (Foxconn) will reduce its initial investment of US$10 billion in Mount Pleasant, Wisconsin, from producing large panels for television to Apple. Small and medium size displays such as iPhones and car devices. On Wednesday, Foxconn officials stated in an e-mail statement that the news was inaccurate and had no basis in fact.
However, according to reports from a number of US media, Foxconn also confirmed part of the news, saying that it will indeed adopt a "phased approach" to expand the scope of its production screen. Its use covers "self-driving cars, notebook computers, monitors and the latest TV."
However, Foxconn did not directly explain in the email whether it plans to reduce its initial investment when production work is gradually implemented.
In July last year, Foxconn announced the project at a ceremony held by the White House. According to Foxconn’s original plan, it will invest and build factories near the Illinois border in the southeastern state of Wisconsin with a total investment of US$10 billion and is expected to create 13,000 jobs.
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