MADISON (AP) — Foxconn Technology Group is changing the focus of its planned $10 billion Wisconsin campus, while insisting it remains committed to creating 13,000 jobs as promised.
The world's leading electronics manufacturer said in a statement Wednesday that because of a changed global marketplace all of its projects including the one in Wisconsin are being "adjusted to meet these new realities."
The statement comes after Foxconn official Louis Woo told Reuters in a story published Wednesday that its plans to build liquid crystal display panel screens are being scaled back and possibly shelved.
Woo says the Taiwanese company wants to create a "technology hub" largely consisting of research facilities along with packaging and assembly operations.
Woo says about three-quarters of the jobs created will be in research and development and design, rather than blue-collar manufacturing jobs.