Report: Foxconn looking to scale back Wisconsin investment
May 23, 2018 @ 10:19am
MADISON, Wis. (AP) — A report from Asia says that Taiwan-based Foxconn Technology Group is considering shifting the focus of what is made at its planned facility in Wisconsin to reduce initial costs for the $10 billion complex.
The Nikkei Asian Review reported Wednesday that Foxconn was looking at producing small to medium-sized display panels for Apple, carmakers and others rather than larger display screens as originally planned.
The report cites unnamed sources who were familiar with the plans.
Foxconn and officials with Gov. Scott Walker’s administration who negotiated the deal did not immediately return messages Wednesday.
Wisconsin is poised to provide $4.5 billion in state and local incentives to Foxconn if it makes the full $10 billion investment and employs 13,000 people.
In a statement Foxconn denied the story and says that they remain committed to the full investment and plan for their Wisconn Valley facility.