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Foxconn says it won't just make TVs in Wisconsin, but will also build servers and other electronics
CNBC
Wed, 12 Jun 2019 17:59

Foxconn says it won't just make TVs in Wisconsin, but will also build servers and other electronics

CNBC
Wed, 12 Jun 2019 17:59

President Donald Trump (L) and Terry Gou, chairman of Apple iPhone manufacturer Foxconn, at a groundbreaking for Foxconns new LCD screen facility on June 28, 2018 in Mount Pleasant, Wisconsin.

Foxconn says it won't just make TVs in Wisconsin, but will also build servers and other electronics


BRENDAN SMIALOWSKI | AFP | Getty Images
Foxconn said this week that it planned to make servers, networking products, and automotive central controls at its factory in Wisconsin, according to a report in Nikkei.

The plant, which is not operational yet, was originally focused on next-generation LCD displays for televisions and other similar products.
The announcement, which was made at Foxconns first-ever investor day, underscores the controversy at the $10 billion Wisconsin plant, which is heavily subsidized by government programs in exchange for creating 13,000 jobs. Some Wisconsin residents believe that the state is paying too much for Foxconns factory.

The announcement also shows how one of the worlds top electronics manufacturers, which assembles products for Apple, Sony, and other top technology companies, is dealing with the possibility of increasing tariffs that would make goods imported from China significantly more expensive.

A Foxconn official previously told CNBC in an interview last month that the Wisconsin plant will make a "variety of products for multiple vertical industries."

"Its not limited to one product, so we will do commercial TVs up to 65 inches," Jay Lee, the Vice Chairman of the Board Directors of Foxconn Industrial Internet said in an interview last month.

"The multiple liquid crystal display sizes that we can produce are applicable in a variety of industries from automotive to education to entertainment to health care to medicine to security in smart city applications," he continued.
At Foxconns investor day, the company also said that it had enough production capacity outside of China to help Apple if the U.S.-China trade war were to affect the iPhone, according to Nikkei.