-
Advertisement
Foxconn
TechBig Tech

Foxconn founder Terry Gou vows to fire up Wisconsin plant this year

  • Gou, once Taiwan’s richest man and a former presidential candidate, expects to send more employees to work in the US

2-MIN READ2-MIN
A screen shows Foxconn Technology Group founder and chairman Terry Gou Tai-ming giving a speech to employees at the company's Lunar New Year’s gala in Taipei on January 22. Photo: Reuters
Bloomberg
Foxconn Technology Group founder and chairman Terry Gou Tai-ming pledged to begin production at a long-delayed electronics plant in Wisconsin sometime this year, kick-starting a signature US project that is expected to play a pivotal role in expanding the billionaire’s manufacturing empire.

The factory will be up and running in 2020 and drive the vision of Taiwan-based Foxconn – known formally as Hon Hai Precision Industry – of manufacturing components for 5G mobile systems and artificial intelligence applications, according to Gou, without elaborating.

Gou, who failed in his bid to contest the Taiwanese presidential elections, added he will spend a lot of time in the US this year and intends to send more employees over.

Advertisement

“I hope many Hon Hai colleagues will go work in the US to help America boost manufacturing and build a supply chain,” Gou told employees at his company’s Lunar New Year’s party in Taipei.

Foxconn’s Wisconsin complex, which US President Donald Trump has hailed as a symbol of America’s manufacturing revival, has spurred controversy since its 2017 inception.

Advertisement
Advertisement
Select Voice
Select Speed
1.00x