Wisconsin's governor said on Wednesday he wants to renegotiate the state�...
- Wisconsin’s governor said on Wednesday he wants to renegotiate the state’s contract with Foxconn Technology Group for investment incentives because the Taiwanese company is not expected to reach its job creation goals for the state.
Announced at a White House ceremony in 2017, Foxconn’s 20-million-square-foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing. He said it was premature to discuss specific changes to the contract. Foxconn representatives did not immediately comment.
Evers said the footprint of the project is going to be much smaller than the original, but the scaled-back project is expected to advance “whether Mr. Gou is part of that enterprise or not.”The company has wavered on its goals for the $10 billion project this year. Louis Woo, special assistant to Gou, told Reuters in January that Foxconn was reconsidering plans to make advanced liquid crystal display panels.
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