Foxconn Soon to Announce ‘Even More Investment’ in Wisconsin, Says White House

Foxconn Chairman Terry Gou met with President Donald Trump Wednesday about Foxconn's plans to build an LCD fab in Wisconsin, said the White House Thursday. The company “is spending a lot of money in Wisconsin and soon will announce even more investment there,” it said. Gao and Trump didn’t discuss support for Gao’s campaign for the Taiwanese presidency, it said. Wisconsin Gov. Tony Evers (D) said last month he wants to renegotiate Foxconn’s contract to build a downsized fab because the “deal that was struck” under then-Gov. Scott Walker (R) “is no longer in play” (see 1904190038). “In meetings today with state and local representatives," Gou "continued to build upon the relationships he feels are necessary to the company’s success in Wisconsin,” emailed Wisconsin Economic Development Corp. Secretary-CEO Mark Hogan Thursday when asked for comment about the White House reference to additional investments coming. Hogan's group negotiated the Foxconn contract on the state's behalf 17 months ago (see 1711130014).