Report: Foxconn CEO Retires

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THE COMPANY IS RUNNING ON THE ACTUAL FACTORY WEBSITE TODAY. >> WE ARE CURRENTLY IN ROOT COUNTY. >> FOXCONN SAYS IT'S FINALLY BEGINNING TO BUILD ITS FACTORY LCD SCREEN SITE IN ROOT COUNTY. FIRST, IT WILL BE UTILITIES, ROADS. WHEN YOU LEARN THAT FOXCONN STARTS TO BUILD A FACTORY, DOES IT MEAN? >> THIS MEANS THAT IT HAS REALLY ARRIVED, BUT WE DO NOT KNOW WHAT IT MEANS. >> KEN DOUBEK IS THE OWNER OF A ROOT COUNTY CHIMNEY COMPANY THAT COULD INCREASE IF NEW HOUSING IS BUILT FOR FACTORY WORKERS. BUT IT STILL QUESTIONS, HOW MAN JOBS. >> JUST TOO GOOD TO BE TRUE. WE DO NOT WANT TO PUT EGGS IN THIS BASKET AGAIN. >> WE LOOK AT THE INITIAL PHASE OF ABOUT 1,500 JOBS. >> JOHN DELAGRAVE, CHIEF EXECUTIVE OFFICER, SAYS FOXCONN CENTER IS CALLED GEN-6 IS THE TYPE THAT MAKES SMALLER LCD DISPLAYS FOR EVERYTHING FROM EDUCATION TO INTELLIGENT CITIES. HAVE YOU BEEN CONCERNED BY THE PROJECT? >> That's why I had the privilege of working with FOXCONN on a weekly basis. I was always convinced that FOXCONN was going to have a big presence in Racine County. >> COUNTY OFFICIALS SAY THE FACTORY WILL COVER MORE THAN ONE MILLION SQUARE FEET. They expect it to be operational and that it will work sometime next year. IN ROOT COUNTY, TERRY SATER, WISN 12 NEWS PATRICK: FOXCONN SAYS THAT ALL COMPANIES COMMITTED UNTIL THIS SITE FACTORY ARE BASED ON WISCONSIN. CONSTRUCTION OF BUILDINGS WILL BEGIN THIS SUMMER. THE FACTORY SHOULD BE B

Report: Foxconn CEO Retires

The move would take place amidst major questions about the future of Foxconn's Wisconsin plant.

Reuters has announced that Foxconn CEO Terry Gou plans to resign in the coming months. This decision comes at a critical time for Foxconn, both in Wisconsin and around the world. the coming months. They sent us this statement: "Contrary to the inaccurate report of Reuters, Mr. Gou will remain president of the Foxconn technological group.His wish is to withdraw from the daily operations after having developed and supervised a new generation of talents to continue the mission of Foxconn As President, Mr. Gou will continue to provide strategic direction and direction. "Foxconn disputes the idea that Gou would step down and claim to retain his title. After reporting earlier this year on the future of the Wisconsin plant, President Trump tweeted that it would go forward because of his conversations with Gou. The company is promising 13,000 jobs in southern Wisconsin for the manufacture of LCD screens.

TAIWAN –

Reuters has announced that Foxconn CEO Terry Gou plans to retire in the coming months.

This decision comes at a critical time for Foxconn, both in Wisconsin and around the world.

Foxconn confirms to WISN 12 News that the president of the company will cease its daily activities in the coming months. They sent us this statement:

"Contrary to the inaccurate report of Reuters, Mr. Gou will remain president of the Foxconn technology group.

His wish is to withdraw from daily operations after developing and mentoring a new generation of talent to carry out Foxconn's mission. As Chair, Mr. Gou will continue to provide direction and strategic direction. "

Foxconn disputes the idea that Gou would resign and say he will keep his title.

After reporting earlier this year on the future of the Wisconsin plant, President Trump tweeted that it would go forward because of his conversations with Gou.

The company is promising 13,000 jobs in southern Wisconsin for the production of LCD screens.

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