Foxconn reaffirms investment in Wisconsin

CHICAGO, May 23 (Xinhua) -- Foxconn Technology Group issued a public statement Wednesday, reaffirming its investment in U.S. state of Wisconsin following reports that the electronics manufacturing giant is changing its initial plan.

With the statement, Foxconn is responding to a report saying it will scale back its investment in the U.S. state.

"We are aware of the report published by Nikkei Asian Review regarding our investment in Wisconsin. That report is inaccurate and is not based on any facts," the statement says.

"Foxconn is moving forward with all aspects of our plans to create 13,000 jobs and to invest $10 billion to build our state-of-the-art Wisconn Valley Science and Technology Park in Wisconsin, which will be completed around 2025. Foxconn is fully committed to this significant investment and to meeting all contractual obligations with relevant government agencies," the statement read.

Nikkei Asian Review reported early that Foxconn is changing its initial plan to produce large panel displays in favor of making smaller displays for cars, personal computers, tablets, mobile devices, televisions and niche products.

Foxconn's planned plant has drawn rounds of protests among local residents. While some local residents are reluctant to vacate for the plant, Wisconsin conservationists are concerned that to exempt a massive Foxconn electronic plant from key environmental regulations by Wisconsin Governor Scott Walker would leave the public in the dark about the plant's impact, jeopardize wetlands and set an alarming precedent.

Under an initial plan, Foxconn will build a 10-billion-dollar industrial park in Racine County, Wisconsin, covering nearly 20 million square feet. The park will consist of a multi-billion thin-film transistor (TFT) liquid crystal display (LCD) plant, a facility to back-end package liquid crystal display modules, a skill-intensive facility focused on molding and tool-and-die processes and an end-set assembly operation to produce end-device units, local media reported. Enditem