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WSJ: Foxconn will supplement Wisconsin plant with Chinese workers

  • 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)
 

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