Netease Technologies News July 10, according to foreign media reports, Wisconsin Governor Tony Evers recently declared that Foxconns production projects in the state are difficult to achieve the expected employment targets, so it is difficult to get a full subsidy of $4 billion.
In 2018, Foxconn announced plans to spend $10 billion to build a manufacturing complex in Wisconsin. But since then, no factories have been built, and Foxconn has been scaling back.
Governor Evers said he had received a clear plan from Foxconn, far less ambitious than initially described. Foxconn has admitted that it no longer plans to produce giant glass panels for video display at the factory, but smaller products, possibly tablets, mobile screens and so on.
According to the agreement between Foxconn and Wisconsin, Foxconn will create 13,000 jobs by 2032. The agreement requires it to recruit employees in stages to meet specific targets in order to receive subsidies of about $4 billion.
However, Foxconn missed its target of recruiting 260 employees last year, hiring only 156, which means it has lost its eligibility for a $10 million subsidy. Foxconn has yet to say whether it will meet the minimum recruitment requirement of 520 employees this year to qualify for a $222 million subsidy.
Meanwhile, the contract requires Foxconn to create at least 1820 jobs by the end of 2020 in order to receive subsidies of up to $270 million. But the initial phase of the project, scheduled to start next May, will employ only about 1,500 people, which is still far below Foxconns previously announced target.
Source: Responsible Editor of Netease Science and Technology Report: Wang Fengzhi_NT2541