Tariff conflicts between the United States and China is pushing Foxconn Technology Group to the point of considering moving production of Apple products out of China, which could mean the Taiwanese company will assemble those products in Wisconsin, according to several reports.
The potential move is a response to new tariffs pushed by PresidentDonald Trumpon about $300 billion worth of Chinese goods by the U.S. In preparation of moving production elsewhere, the company is planning to expand the range of products being made at its Wisconsin facility.
In an investor meeting and conference call Tuesday,Young-May Liu, who leads Foxconn's integrated circuit production, said 25% of the company's production capacity is outside of China and "we can help Apple respond to its needs in the U.S. market,"according to CDR Info, a technology publication.
Under the 2017 contract, Foxconn must have 13,000 employees in Wisconsin, and maintain that number through 2032 to collect the full $1.5 billion in jobs tax credits. The company also is eligible for $1.35 billion in tax credits in exchange for capital spending on its Mount Pleasant plant.
The complete story here > Foxconn to expand Wisconsin plant portfolio, with Apple products a possibility due to Trump tariffs