Foxconn and Wisconsin are renegotiating their massive factory deal, governor's letter reveals

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Foxconn and Wisconsin are renegotiating their massive factory deal, governor's letter reveals
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The disclosure comes in a letter from Governor Tony Evers to Foxconn executive Louis Woo, a special assistant to Chairman Terry Gou and the company's point person on the project.

Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the state, after Foxconn approached state officials to propose changes in the deal.

In 2017, amid great fanfare including a White House ceremony including President Trump, Foxconn officials and then-Wisconsin Gov. Scott Walker, the company announced plans for a $10 billion manufacturing complex outside Racine, Wisconsin, with the promise of 13,000 new jobs. In return, the state promised $4.5 billion in incentives, as well as infrastructure improvements in the state.

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