Home / Tech / News / Foxconn wants to alter the Wisconsin deal

Foxconn wants to alter the Wisconsin deal

Even as Foxconn continues to promise Wisconsin that it will, in fact, bring jobs and an LCD plant to the state in exchange for an unprecedented $4 billion in tax breaks, it may be quietly attempting to renegotiate the deal.

According to a letter from Wisconsin Governor Tony Evers (via Wisconsin Public Radio), Foxconn was actually the one to first propose changing the deal back in March, and the company is apparently planning to submit “the necessary documentation” to start that process in a mere matter of weeks.

Six days ago, we learned that Governor Evers was having some doubts about whether Foxconn might be able to actually bring its promised 13,000 jobs to Wisconsin — doubts that we’d call pretty valid, given The Verge’s recent extensive reporting on the subject — but as late as this morning, it seemed like both Foxconn and Wisconsin were on the same page.

“Foxconn remains committed to our contract,” the company said on Friday as it recommitted to opening an LCD plant. “We have a solid contract,” Wisconsin Economic Development Corporation (WEDC) CEO Mark Hogan assured reporters earlier today, according to The Associated Press. Now, we wait and see whether Foxconn will officially scale this deal back, or whether it will attempt — once again — to pretend that empty buildings aren’t empty.

Foxconn and Evers’ office didn’t immediately respond to requests for comment.

Source link

Check Also

Disney+ warns viewers about past racism, but not as well as Warner Bros.

Some of Disney’s older movies streaming on Disney+ will include disclaimers about the cultural context …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.