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Foxconn deal with Wisconsin lowers tax breaks to $80 million
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Foxconn, Wisconsin reach new tax deal | Business
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2021/04/20 12:58 Conceptual image of Foxconn s manufacuturing plant in Wisconsin (Foxconn image) Conceptual image of Foxconn s manufacuturing plant in Wisconsin (Foxconn image) TAIPEI (Taiwan News) Foxconn Technology Group, the world s largest contract electronics maker, has agreed to scale back its manufacturing project in the U.S. state of Wisconsin and take fewer state tax credits than originally agreed upon. Along with Wisconsin Governor Tony Evers, the company announced Monday (April 19) that it has reached a new deal with state officials on its future manufacturing plant near the city of Racine. Although details have not yet been released, the deal is scheduled to be approved on Tuesday (April 20) by the Wisconsin Economic Development Corp.
Foxconn, Wisconsin reach deal on scaled-back plant
AP, MADISON, Wisconsin
Foxconn Technology Group (富士康科技集團), the world’s largest electronics maker, has reached a new deal with reduced tax breaks for its scaled-back manufacturing facility in southeast Wisconsin, Governor Tony Evers and the company announced on Monday.
Details of the new deal were not immediately released.
The deal was scheduled to be approved yesterday at a meeting of the Wisconsin Economic Development Corp, the state’s top jobs agency, which had negotiated the initial deal with Foxconn, known as Hon Hai Precision Industry Co (鴻海精密) in Taiwan.
Hon Hai Precision Industry Co chairman Young Liu speaks to reporters in Taipei yesterday after an awards ceremony for the top 100 global innovators organized by Clarivate Analytics.