The bill approved on a bipartisan 64-31 vote would make $2.85 billion available to Foxconn Technology Group in cash payments if it invests $10 billion and hires 13,000 workers. The Wisconsin Senate approved the proposal Tuesday.
aiwan’s Foxconn Technology Group is pressing its case to acquire Toshiba Corp.’s memory chips unit, as the Japanese conglomerate struggles to complete the sale and avoid having its shares delisted from the Tokyo Stock Exchange.
Taiwanese electronics manufacturer Foxconn said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020.
Apple Inc. likes to say it supports 2 million US jobs. Plans by the company’s main manufacturing partner for a $10 billion factory in Wisconsin will add at least 10,000 more, helping Apple fend off the threat of import tariffs on its most important product, the iPhone.
Apple Inc. and its Asian contract manufacturers are hitting back at Qualcomm Inc. with legal claims. Qualcomm is asking for payments in excess of what it would normally receive, Apple, Compal Electronics Inc., Hon Hai Precision Industry Co. and others said early Wednesday in court filings.
Apple Inc and Dell will join a Foxconn-led consortium bidding for Toshiba Corp's highly prized chip unit, said Terry Gou, CEO of the world's largest contract electronics manufacturer. The firm is also in discussions with Google, Microsoft and Cisco about their participation in the bid.