Foxconn s new deal shows how project has changed since 2017 jsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jsonline.com Daily Mail and Mail on Sunday newspapers.
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 Scales Back Investments in Wisconsin
Gov. Tony Evers announced that the state has renegotiated its contract with Foxconn, the world’s largest electronics manufacturer. The new agreement negotiated under Gov. Evers between the Wisconsin Economic Development (WEDC) and Foxconn will save Wisconsin taxpayers a total of $2.77 billion compared to the previous contract, maintain accountability measures requiring job creation to receive incentives, and protect hundreds of millions of dollars in local and state infrastructure investments made in support of the project.
“When I ran to be governor, I made a promise to work with Foxconn to cut a better deal for our state the last deal didn’t work for Wisconsin, and that doesn’t work for me,” said Gov. Evers. “Today I’m delivering on that promise with an agreement that treats Foxconn like any other business and will save taxpayers $2.77 billion, protect th