| Title | Exclusive: Documents Show Foxconn Refuses to Renegotiate Wisconsin Deal | |
| Date | Saturday December 14 2019, @11:34AM | |
| Author | martyb | |
| Topic | ||
| from the what-do-you-expect-for-$4.5-billion? dept. | ||
Exclusive: documents show Foxconn refuses to renegotiate Wisconsin deal
Whatever Foxconn is building in Wisconsin, it's not the $10 billion, 22 million-square-foot Generation 10.5 LCD factory that President Trump once promised would be the "eighth wonder of the world." At various points over the last two years, the Taiwanese tech manufacturer has said it would build a smaller LCD factory; that it wouldn't build a factory at all; that it would build an LCD factory; that the company could make any number of things, from screens for cars to server racks to robot coffee kiosks; and so on.
Throughout these changes, one question has loomed: given that Foxconn is building something completely different than that Gen 10.5 LCD facility specified in its original contract with Wisconsin, is it still going to get the record-breaking $4.5 billion in taxpayer subsidies?
Documents obtained by The Verge show that Wisconsin officials have repeatedly — and with growing urgency — warned Foxconn that its current project has veered far from what was described in the original deal and that the contract must be amended if the company is to receive subsidies. Foxconn, however, has declined to amend the contract, and it indicated that it nevertheless intends to apply for tax credits.
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printed from SoylentNews, Exclusive: Documents Show Foxconn Refuses to Renegotiate Wisconsin Deal on 2024-04-19 02:34:59