INSUBCONTINENT EXCLUSIVE:
Taiwanese electronics manufacturer Foxconn will set its North American headquarters in Milwaukee, Wisconsin, the company has confirmed.The
firm has purchased a seven-storey building in the downtown area of the city from Northwestern Mutual Life Insurance, which will be
refurbished to host 500 staff
billion investment over four years which will also see the establishment of a 20 million square foot LDC panel plant employing up to 10,000
Foxconn purchased Japanese LCD maker Sharp for $3.8 billion back in 2016.Foxconn USAFoxconn has also agreed a partnership with the
University of Wisconsin-Milwaukee that will see engineering students sent to the Chung Yuan Christian University in Taiwan, where they will
be able to work at a Foxconn LCD facility
Its customers include Apple, for whom it assembles iPhones at its plants in China, but it has come under fierce criticism for alleged poor
pay and working conditions that have reportedly led to riots, deaths and even suicides
The company has since worked to improve matters.
