SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : OLED Universal Display Corp
OLED 208.93-3.0%Jun 18 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: qddb4/21/2021 12:29:41 PM
   of 26115
 
Foxconn Shrinks Plans for Wisconsin Plant
Electronics maker signs new deal with state to invest up to $672 million, instead of up to $10 billion

Some snips from behind paywall: wsj.com

Foxconn is scaling back plans for a liquid-crystal-display plant in Wisconsin, saying it expects to invest a fraction of the $10 billion promised nearly four years ago, according to a new contract with the state.
Foxconn, a supplier of screens for Apple Inc., has previously said fast-changing LCD technology complicated plans in Wisconsin. In a recent report, Foxconn said the project was also slowed by “cultural assimilation, changing business demands, tariffs, a pandemic, and a presidential election year.”
The new contract allows incentive payments for “economic investment activities related to locating and operating a technology and manufacturing ecosystem.” The old contract required Foxconn to build a specific type of screen-making facility in Mount Pleasant, 25 miles south of Milwaukee.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext