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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.  

Foxconn s giant factory in Wisconsin sounded too good to be true Turns out it was

Foxconn s giant factory in Wisconsin sounded too good to be true. Turns out it was CNN 2 hrs ago By Chris Isidore, CNN Business © Yichuan Cao/NurPhoto/Getty Images A shovel is set in place before the groundbreaking ceremony of Foxconn flat-screen TV factory in Wisconsin on June 28, 2018. Over a year after U.S. President Donald Trump, Softbank CEO Masayoshi Son and Foxconn Chairman Terry Gou attended the groundbreaking ceremony in Mount Pleasant, Wisconsin, United States, the plan has not been finalized on whether the factory will become a reality. When first announced in 2017, Foxconn s plan to build a massive electronics factory in Wisconsin was hailed by then-President Donald Trump as a sign of the rebirth of American manufacturing.

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