Foxconn to change product made in Mt. Pleasant facility, report says
A report released Wednesday said Foxconn is rethinking the size of the LCD panels they plan to make in their Wisconsin facility.
The report came from one of the world's largest financial publications based in Japan. It said the tech giant will shift it's production toward smaller LCD screens than originally planned because of a lack of a supply chain in that area.
The report originally stated Foxconn could invest less in the state, but Foxconn sent a statement refuting that report.
“Foxconn is moving forward with all aspects of our plans to create 13,000 jobs and to invest US$10 billion to build our state-of-the-art Wisconn Valley Science and Technology Park in Wisconsin, which will be completed around 2025."
The story was since corrected to reflect Foxconn's official statement. A Foxconn spokesperson told CBS 58 that they could neither confirm nor deny that the product made in that facility could change.
Republicans say they care more about the jobs and the size of the investment than the specific type of product.
"Products change all the time in the business world," State Rep. Joe Sanfelippo, R-New Berlin, said. "So it's not unusual for somebody to shift gears and start making a different thing, or a different variation of what they're making. In the end, if we get the investment that we anticipated."
Democrats say it's a bad sign, given that Foxconn has backed out of deals with other countries and even other states.
"They did it in Pennsylvania," state Rep. Daniel Riemer, D-Milwaukee, said. "They did it in Brazil. They did it in Indonesia. They did it in India. It's a long list, so I think everybody ought to be paying attention very carefully."
The state's deal with Foxconn is prorated. So if they create only some of the jobs, they only get some of the $3 billion in tax incentives.