Wednesday, April 24, 2019

Foxconn And Wisconsin Are Renegotiating Their Massive Factory Deal

What is to stop them from backing out on this deal again?

Wisconsin Governor Tony Evers says the state is renegotiating its contract with Taiwanese contract manufacturer Foxconn to build a massive LCD plant in the state, after Foxconn approached state officials to propose changes in the deal. The disclosure comes in a letter from Evers to Foxconn executive Louis Woo, a special assistant to Chairman Terry Gou and the company's point person on the project.