Jason Stein and Rick Romell report Foxconn: Glass maker could want hundreds of millions of dollars to locate alongside massive Wisconsin factory:
To locate in Wisconsin, a key glass supplier to Foxconn wants financial help from the Taiwanese electronics giant or state taxpayers that could run into the hundreds of millions of dollars.
…
Corning Inc. chief executive officer Wendell Weeks said last week that his company wanted to “keep 100% of revenues and profits” but pay no more than one-third of the cost to site a glass plant alongside Foxconn’s LCD plant.
…
“If our customers want a leading player in the display industry to be with them, then they’re going to need to subsidize that for our shareholders,” [Corning Inc. chief executive officer Wendell] Weeks said.
Good luck, gentlemen.
Previously: 10 Key Articles About Foxconn, Foxconn as Alchemy: Magic Multipliers, Foxconn Destroys Single-Family Homes, Foxconn Devours Tens of Millions from State’s Road Repair Budget, and The Man Behind the Foxconn Project, and A Sham News Story on Foxconn.