A look at key moments in Foxconn's plan for Wisconsin plant

MADISON, Wis. (AP) — Taiwanese company Foxconn Technology Group shifted its stated plans yet again on Friday for a massive Wisconsin technology campus. Here's a look at key moments in the development of the project:

July 26, 2017: President Donald Trump announces Foxconn Technology Group will build a plant in southeastern Wisconsin . The company says it will invest $10 billion in a manufacturing campus that will produce large, Generation 10.5 liquid-crystal-display flat screens for big-screen TVs, self-driving cars, notebooks and other monitors. The company says the project could employ up to 13,000 people.

Sept. 18, 2017: Republican Gov. Scott Walker signs an unprecedented $3 billion state incentives package for the plant, brushing aside critics who warn the package is too expensive.

Oct. 4, 2017: Foxconn announces the plant will be built in Mount Pleasant in Racine County, about 25 miles (40 kilometers) south of Milwaukee.

Dec. 5, 2017: The Racine County Board approves borrowing nearly $80 million to help pay for costs associated with the plant.

April 24, 2018: The Wisconsin Department of Natural Resources approves air permits for the manufacturing campus.

April 26, 2018: The DNR approves a request from the city of Racine to pull 7 million gallons of water per day from Lake Michigan to serve the plant.

May 25, 2018: Environmental law firm Midwest Environmental Advocates asks an administrative law judge to block the Lake Michigan withdrawal , arguing it violates the Great Lakes Compact. The case is still pending.

June 28, 2018: Foxconn breaks ground in Mount Pleasant. Trump attends and calls the plant "the eighth wonder of the world." That same day Foxconn announces it now plans to build much smaller Generation 6 screens and phase in production of Generation 10.5 screens later. Generation 6 production uses different machinery and is much cheaper than Generation 10.5 companies, according to industry experts.


August 29, 2018: The first walls for the campus go up in Mount Pleasant.

November 6, 2018: Democrat Tony Evers, a critic of the project, defeats Walker in the governor's race.

Jan. 18, 2019: Foxconn finished 2018 with 178 full-time employees in Wisconsin, 82 workers short of the minimum required to claim job-creation tax credits.

Jan. 30, 2019: Louis Woo, special assistant to Foxconn's CEO, sends a shockwave through Wisconsin when he tells Reuters that the company will scale back and possibly shelve plans to build display screens in the state, saying the company can't compete. He says the Mount Pleasant facility will still perform manufacturing tasks but three-quarters of the workers will focus on research and the site would be more of a research hub.

Feb. 1, 2019: Foxconn changes its plans again after Chairman Terry Gou speaks directly with Trump, announcing the company will make Generation 6 screens at the Mount Pleasant site after all . Evers tells reporters that the company needs to improve its messaging and transparency, saying "there's no limit to skepticism if the messaging isn't coherent."

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Featured Articles and Offers

Search Headlines: