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MADISON — Foxconn won’t be getting $2.8 billion in state tax credits anymore. After more than a year of negotiations, the State of Wisconsin and Foxconn Technology Group officials say they’ve reached a new agreement regarding the Taiwan-based company’s manufacturing plant near Racine that would provide Foxconn fewer state tax credits than originally agreed upon. The embattled Foxconn project in southeastern Wisconsin has faced considerable scrutiny over the last three years for failing to meet expectations laid out in its originally 2017 agreement. State officials told the company more than a year ago it would not be eligible for tax credits under the existing contract — since the company is no longer planning a Generation 10.5 facility to make larger LCD screens as originally promised — and a new agreement would be necessary.

Village of mount pleasantUnited statesState of wisconsinRacine countyMount pleasantMelissa hughesDonald trumpDavid callenderScott walkerJay leeMark hertzbergTony eversAssembly minority leader gordon hintzFoxconn technology groupWisconsin economic development corpPerformance computing data center globe