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Foxconn, Wisconsin agree to new deal; company plans on 1,454 jobs

A new agreement between Foxconn Technology Group and the state announced Tuesday dramatically scales back the number of jobs the company promises to create to only 1,454 and reduces the capital investment to a fraction of what was originally promised.
In return, Foxconn stands to receive far less state cash.
The agreement allows for Foxconn to get a maximum of $80 million in tax credits compared to the previous agreement which would have granted the company $2.85 billion in state money if the company met certain hiring and capital investments.
Foxconn four years ago promised to bring 13,000 high-tech jobs to Wisconsin and create a massive Racine County facility that former Gov. Scott Walker and President Donald Trump, both Republicans, heralded as transformational for the state s economy. ....

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Foxconn, state agree to new deal; Foxconn expecting to hire up to 1,454 by 2025. The company originally promised to hire up to 13,000 people

Foxconn, state agree to new deal; Foxconn expecting to hire up to 1,454 by 2025. The company originally promised to hire up to 13,000 people
Ricardo Torres, Milwaukee Journal Sentinel
© Mike De Sisti / Milwaukee Journal Sentinel
The Foxconn complex in Mount Pleasant is shown 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.
A new agreement between Foxconn Technology Group and the state announced Tuesday dramatically scales back the number of jobs the company promises to create to only 1,454 and reduces the capital investment to a fraction of what was originally promised. ....

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Taiwan's Foxconn to lower employment goal in Wisconsin under new deal | Taiwan News

2021/04/21 14:17
Former U.S. President Donald Trump takes tour of Foxconn with Foxconn chairman Terry Gou (right) in Mt. Pleasant, Wisconsin.
Former U.S. President Donald Trump takes tour of Foxconn with Foxconn chairman Terry Gou (right) in Mt. Pleasant, Wisconsin.
(AP photo)
TAIPEI (Taiwan News) Taiwanese electronics manufacturer Foxconn will be eligible for just US$80 million in state tax credits under a new contract signed Tuesday (April 20) for its planned investment in the U.S. state of Wisconsin, down from the US$$2.85 billion it could have received under the original deal.
The company announced Monday that it has agreed to scale back its manufacturing project near the city of Racine without providing details. Its vice chairman, Jay Lee (李傑), said the decision would give the company more flexibility to pursue business opportunities that meet market demand. ....

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Renewed deal with Wisconsin to help business flexibility: Hon Hai

Renewed deal with Wisconsin to help business flexibility: Hon Hai
focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.

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Gov. Tony Evers says Foxconn, Wisconsin on brink of new deal; WEDC to meet Tuesday to discuss project

Gov. Tony Evers says Foxconn, Wisconsin on brink of new deal; WEDC to meet Tuesday to discuss project
Ricardo Torres and Molly Beck, Milwaukee Journal Sentinel
© Mike De Sisti / Milwaukee Journal Sentinel
The Foxconn complex in Mount Pleasant is shown 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.
MADISON - Wisconsin and Foxconn are on the brink of a new agreement over the tech giant s role in the Badger State, which so far has failed to live up to a $3 billion deal struck by Republicans and company officials four years ago. ....

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