Foxconn says Wisconsin investment 'priceless'

Updated 2017-08-11 12:15:36 Global Times

Chinese electronics contractor Hon Hai Precision Industry Co, commonly known as Foxconn, said that its investment in the U.S. will be "priceless" in terms of the catalytic role it will play in attracting other investments, according to a statement it sent to the Global Times on Thursday.

The comment was made after a legislative analysis noted on Tuesday that Wisconsin would not break even on Foxconn plant incentives for 25 years, Reuters reported on Wednesday.

The economic impact will be felt by employees and the communities in which they live, Foxconn noted in the statement. And more people including business partners, vendors and logistics providers will benefit from the company's investment.

The company said earlier it will hire 1,000 people in the second half of 2017 and employment will grow to 13,000 by 2021.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 19 2018 18:02:33

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 19 2018 18:02:33

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 19 2018 18:02:33

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords