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Tony Evers: State s reduced financial commitment to Foxconn opens up opportunities

Tony Evers: State s reduced financial commitment to Foxconn opens up opportunities
journaltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaltimes.com Daily Mail and Mail on Sunday newspapers.

Evers: State s reduced financial commitment to Foxconn opens up opportunities

Evers: State s reduced financial commitment to Foxconn opens up opportunities
journaltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaltimes.com Daily Mail and Mail on Sunday newspapers.

Foxconn s new deal shows how project has changed since 2017

State and Foxconn officials made a number of additional notable changes to their agreement.   Change in purpose Four years ago, Foxconn promised a Generation 10.5 thin-film-transistor LCD screen manufacturing facility capable of making huge display screens. In 2018, Foxconn rolled back the size of the facility to a Gen 6 capable of making screens for TVs, smartphones and tablets.  Now, it seems like the company is abandoning LCD screens in exchange for a broader focus.  The changing nature of Foxconn s plans for the facility has been a point of emphasis for the Evers administration, and officials maintained if the company wasn t building the large facility originally promised, the work would not count toward tax credits.

Foxconn s new deal shows how project has changed since 2017; Here are some of the major changes and points

Foxconn s new deal shows how project has changed since 2017; here are some of the major changes and points Ricardo Torres, Milwaukee Journal Sentinel © Mike De Sisti / Milwaukee Journal Sentinel The glass panels are cleaned on the High-Performance Computing Data Center Globe at the Foxconn complex in Mount Pleasant on Monday, April 19, 2021. Gov. Tony Evers announced Monday that his administration and Foxconn officials have reached an agreement on new terms and that the new deal will go before the Wisconsin Economic Development Corp. Board of Directors for approval on Tuesday. Popular Searches “We’ve resized the entire contract,” Missy Hughes, secretary and CEO of the Wisconsin Economic Development Corp. told reporters on Wednesday.  

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