On Friday, the Wall Street Journal reported that the company had "not able to reach the minimum number of jobs created in 2018, so it was reported that it could not get tax breaks this year." Wisconsin Economic Development Corporation said that Foxconn should create in 2018. At least 260 jobs are available to receive $4.1 billion in grants and tax benefits from Weizhou, but Foxconn offers only 178 jobs in 2018. Therefore, the company will not receive a tax credit of 2018.
In this regard, Foxconn issued a statement in the United States that Foxconn is still committed to creating 13,000 jobs for Wisconsin, but has now adjusted the recruitment process, mainly to cope with the global economic situation, and stressed that Foxconn created 1032 jobs last year. Among them, 178 jobs are in line with the 2018 Weizhou Investment Tax Credit, but this year it is not possible to get tax relief.
These economic conditions include Foxconn’s apples produced in China.iPhoneThe mobile phone encountered a cold winter in the market. According to reports, Apple's sales slowed down due to lower-than-expected sales of the latest generation of iPhones. Apple said weaker Chinese demand and higher-than-expected battery replacements last year were the reasons for the slowdown.
The Foxconn Wisconsin plant will not produce the iPhone - it will mainly produce LCD panels - but the slowdown in global demand seems to make Foxcon more cautious.