The Wisconsin Senate’s top Republican said that the US Senate might have to pass a bill to help induce Hon Hai Precision Industry Co (鴻海精密) to bring a plant to the state.
Hon Hai, also known as Foxconn Technology Group (富士康), is looking to build a display panel factory in the US, with several states in the running.
The lure of a US$7 billion plant that could employ as many as 10,000 people has already prompted US Speaker of the House of Representatives Paul Ryan to make a pitch for his home state.
US Senate Majority Leader Scott Fitzgerald told the Milwaukee Journal Sentinel that such a prize would be worth additional help.
“I can’t imagine [we] wouldn’t at some point, but I don’t know what it would look like,” Fitzgerald said of potential legislation.
Fitzgerald also told the newspaper that he attended a barbecue at Wisconsin Governor Scott Walker’s official residence this week at which Hon Hai chairman Terry Gou (郭台銘) was a guest.
Fitzgerald’s spokeswoman, Myranda Tanck, told reporters that Fitzgerald was not available for interviews on Thursday afternoon, but confirmed his attendance at the barbecue and the possibility of legislation.
“We’re working with [Walker’s] administration on discussions about placement in Wisconsin,” Tanck said.
“We haven’t ruled out the legislature would take some action to facilitate a deal,” she said.
Gou has said it is considering Wisconsin, Michigan, Ohio, Pennsylvania, Illinois, Indiana and Texas as manufacturing states with which the company hopes to work.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
FUTURE PLANS: Although the electric vehicle market is getting more competitive, Hon Hai would stick to its goal of seizing a 5 percent share globally, Young Liu said Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler and supplier of artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it has introduced a rotating chief executive structure as part of the company’s efforts to cultivate future leaders and to enhance corporate governance. The 50-year-old contract electronics maker reported sizable revenue of NT$6.16 trillion (US$189.67 billion) last year. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), has been under the control of one man almost since its inception. A rotating CEO system is a rarity among Taiwanese businesses. Hon Hai has given leaders of the company’s six