In the middle of last year, Guotai Ming, head of the Foxconn Group, announced at the White House that it would invest billions of dollars in the construction of a large-scale LCD panel plant in the United States. According to the latest news from foreign media, Foxconn's large-scale preparations for the early stages have been completed. The project will be completed by the end of June. Officially started.
This is Foxconn's largest investment project in the United States so far. The company will invest US$10 billion in the construction of a large-scale LCD panel plant in Wisconsin, USA. It will be mainly used for the production of Sharp TVs in the future and for sale in the Americas.
According to US financial media reports, a spokesman for the Foxconn Group has confirmed that on June 28th, the Foxconn North American Manufacturing Base will hold a groundbreaking ceremony.
Mark Belling, the host of a local radio station, revealed on the program that he had learned that the Foxconn Group will hold a groundbreaking ceremony on June 28th. The company has already started to inform local important people. It will come to the groundbreaking ceremony.
The spokesman of Foxconn did not disclose important information, especially whether President Trump will visit the ceremony site.
In the middle of last year, Gou visited the Trump in the White House, and Trump highly praised the company’s investment projects in the United States. Clearly, Trump considers Foxconn investment as an incentive for multinational corporations to invest in the United States and create jobs. Important achievements.
Foxconn's US LCD panel base is located near 'Leshan' in Racine County, Wisconsin. In recent months, Foxconn has announced a large number of contractors and construction companies that have won bids in the United States. They will be responsible for the construction of the factory.
The groundbreaking at the end of June means that the Foxconn project will enter the implementation state after it is announced in November. Some people who support the project believe that all levels of government in Wisconsin show extremely high service efficiency on the project. It is commendable. It is also an important reason for the state to win other states in the site selection.
However, the Foxconn project has also caused some doubts and controversy in the local area. Some people think that the governments at all levels have provided too generous subsidies and preferential treatment for the Foxconn project. Matt Flynn, a lawyer who campaigned for the governor of the state, even asked Foxconn to stop construction. He said that if elected governor will take legal measures to stop the project.
According to reports, site preparations prior to construction have already invested $100 million, and many local construction companies have also obtained engineering contracts. The cost is just the tip of the iceberg with a total investment of $10 billion.
Previously, Foxconn Group acquired Sharp Corporation of Japan and obtained the company's outstanding LCD panel technology. Terry Gou has a keen interest in LCD panels and TV sets, and believes that there is still a huge market for large-screen TVs in the future.
LCD panels and televisions are bulky and inconvenient to transport, so they are more suitable for production in the market. In the future, Foxconn and Sharp will also build television assembly plants in the United States to supply local markets.
At the end of 2016, in Guangzhou, China, Foxconn Group and Sharp also cooperated with the Guangzhou Municipal Government to start construction of a large-scale LCD panel plant that will adopt the latest production technology.
Sharp TVs have been positioned high in the past, with excellent quality but the price has affected the market share. After Foxconn’s acquisition, Sharp’s TV sets began a fierce price cut and market share increased significantly. In the global market, Sharp is expected to adopt a similar strategy to reoccupy the market. Share.