Another Trump project is massively cut back
By Hannah Ward-Glenton of Lovemoney |
The $10 billion Foxconn factory is dramatically downsized
The $10 billion (£7.2bn) factory that Taiwanese electronics company Foxconn was set to build in Wisconsin, and that former President Trump hailed as the new eighth wonder of the world , has been drastically scaled back, it s been announced. Launching the project in 2017, Trump (pictured at the site s groundbreaking in 2018 with then-Wisconsin governor Scott Walker [left] and then-Foxconn CEO Terry Gou [right]) boasted that the 20 million-square-foot factory, building cutting-edge, flat-screen displays for TVs and other devices, would revitalise US manufacturing and create 13,000 jobs.
The Straits Times
Foxconn mostly abandons $10 billion Wisconsin project touted by Trump
Foxconn will reduce its planned investment to US$672 million from US$10 billion and cut the number of new jobs to 1,454 from 13,000.PHOTO: REUTERS
Published2 hours ago
https://str.sg/JFoA
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Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former US President Donald Trump once called "the eighth wonder of the world."
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