Cost, speed and talent: Those were the three factors that led Foxconn Technology Group to choose Racine County for its future U.S. home, the Taiwanese company’s director of U.S. strategic initiatives told an audience Wednesday.
Alan Yeung spoke extemporaneously for more than 12 minutes at the Delta Hotel by Marriott Racine, 7111 Washington Ave., during the Racine County Economic Development Corp.’s annual meeting. Yeung gave the audience of a few hundred people an insightful glimpse into Foxconn’s decision-making process regarding its planned manufacturing and technology campus here.
As a 1984 University of Wisconsin graduate, Yeung already had a strong Wisconsin connection when, early last year, Foxconn Chairman Terry Gou and Gou’s top assistant, Louis Woo, called Yeung to tell him Gou was about to embark on a new project in America.
“My job in the last year or so has been to scout for, and meet with, and eventually select the site that would be most suitable for our first phase investment for $10 billion (liquid crystal display) project,” Yeung said. Read the full story here.