Foxconn is reconsidering plans to make LCD panels at Wisconsin plant

Foxconn had announced in 2017 it would be manufacturing TVs at a greenfield plant in Wisconsin.

But now …. No.

Foxconn Chief Executive Terry Gou, told Reuters:

• company was still evaluating options for Wisconsin
• cited steep cost of making advanced TV screens in the United States, where labour expenses are comparatively high
• "In terms of TV, we have no place in the U.S.," he said in an interview. "We can't compete."

via Reuters.

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Earlier this week:

• Foxconn cuts 50K workers earlier than usual as result of Apple slowdown