- The WSJ reports that Apple supplier Foxconn/Hon Hai (OTCPK:HNHAF, OTCPK:HNHPD) is considering internally transferring skilled Chinese workers to the Wisconsin plant.
- Foxconn needs to meet hiring, wage, and investment targets to receive the $3B in tax and other incentives for the plant. The Taiwanese company promised to invest $10B, build a 22M square foot LCD panel plant, and hire 13K employees, primarily factory workers.
- The report says Foxconn needs to supplement the staff due to the tight U.S. labor market.
- Foxconn tells Gizmodo: “We can categorically state that the assertion that we are recruiting Chinese personnel to staff our Wisconsin project is untrue. Our recruitment priority remains Wisconsin first … We will supplement that recruitment from other US locations as required.”
- Previously: Report: Apple cancels iPhone XR output boost (Nov. 5)
- Previously: Apple supplier reports 30% growth in September revenue (Oct. 11)
WSJ: Foxconn will supplement Wisconsin plant with Chinese workers
Recommended For You
About HNHAF Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
HNHAF | - | - |
Hon Hai Precision Industry Co., Ltd. |