Foxconn has entered an agreement with startup automaker Fisker to jointly develop an affordable electric car that will be built and sold in the U.S.
Wisconsin's economic development leader detailed the new Foxconn contract Wednesday, April 21.
Foxconn Technology Group will be eligible for just $80 million in taxpayer subsidies under a new contract signed Tuesday, down from nearly $3 billion it could have received under the original deal that envisioned a much larger project in southeastern Wisconsin.
Wisconsin, technology giant Foxconn reach new deal with lower tax credits for scaled back project.
Wisconsin Gov. Tony Evers has reached a scaled-down deal with Foxconn -- one that will cut tax breaks by billions.
A 30-acre property on the 4000 block of 90th street in Mount Pleasant has a price tag of $3.9 million — because it's "right across the street from Foxconn."
A top Foxconn Technology Group executive has purchased a $2.18 million home in Elm Grove.
Foxconn has found a new partner for manufacturing -- and that could mean more changes at its Mount Pleasant campus.
The CEO of the Wisconsin Economic Development Corporation (WEDC) hopes to return to the negotiation table with Foxconn as soon as next week.
MADISON — Foxconn Technology Group, the world's largest electronics manufacturer, could still qualify for up to $3 billion in state tax credits in Wisconsin if it makes changes to its deal with the state to reflect current plans for a plant that's under construction, Gov.
MILWAUKEE -- An audit released on Tuesday, Dec. 17 finds Wisconsin's Economic Development Corporation (WEDC) needs to modify its tax credit policy with Foxconn.Foxconn struck a deal with the state back in 2017.
MADISON — Wisconsin's economic development agency needs to modify its procedures to ensure that tax credits aren't awarded for Foxconn Technology Group employees who don't perform work in the state, which would violate state law and the contract with the company, an audit released Tuesday said.It is the second year in a row that the nonpartisan Legislative Audit Bureau has raised the concern.
MADISON — Gov.
MILWAUKEE — Foxconn Technology Group promised to make a splash in Wisconsin beyond a massive manufacturing facility in the southeast part of the state, but there's little evidence that plans to build the so-called "innovation centers" are moving forward.The Taiwan-based electronics giant announced in 2017 that it planned to invest $10 billion in Wisconsin and hire 13,000 people to build an LCD factory that could make display screens for cellphones, tablets and other devices.Foxconn officials then stated plans to construct centers in Milwaukee, Green Bay, Eau Claire, Racine and Madison.
MILWAUKEE — Foxconn Technology Group says Louis Woo has stepped down as the executive who has represented the Taiwanese company in Wisconsin.Foxconn tells the Journal Times that Woo has "relinquished his project responsibilities to focus on addressing some personal matters." Foxconn wasn't specific on the personal matters or say if the change was permanent or temporary.Woo was a special assistant to Foxconn founder and former Chairman Terry Gou before Gou launched an unsuccessful campaign for president of Taiwan.
MOUNT PLEASANT -- Foxconn Technology Group and its construction manager, Gilbane | Exyte, announced this week the start of vertical construction of the company’s 993,460 square-foot Gen6 Fab at the Wisconn Valley Science and Technology Park.A news release from WisconnValleyCenter.com says the start of vertical construction was marked by the installation of the first of more than 400 precast panels, weighing up to 75,000 pounds each and measuring 14 inches in thickness and up to 48 feet in height.
MADISON — Foxconn Technology Group executives met Wednesday with Wisconsin officials but no one is saying much about what they discussed.State Assembly Speaker Robin Vos tweeted that he and Senate Majority Leader Scott Fitzgerald met with Foxconn Chairman Young Liu, Vice Chairman Jay Lee and Alan Yeung, who is the Taiwanese electronics giant's U.S. strategist.
MADISON — Gov.
TAIPEI, Taiwan — The chairman of Foxconn, the world's largest contract assembler of consumer electronics for companies such as Apple, is stepping down amid speculation he could be planning a presidential run in Taiwan next year.Terry Gou, 68, made the announcement Friday at the company's annual shareholders meeting, where he was surrounded by an enthusiastic crowd while exiting the meeting room.Foxconn board members elected Young Liu, the head of the Foxconn's semiconductor division, as Gou's successor.Gou has yet to formally announce his candidacy and he did not mention it at the meeting.His resignation, effective July 1, is the latest challenge for Foxconn, which has been caught up in the U.S.-China trade war and a U.S. ban on supplying technology components to Chinese tech giant Huawei over security concerns.Gou told journalists he had urged Apple to move its assembly line from mainland China to high-tech Taiwan, after The Wall Street Journal and other media reported that Apple has discussed shifting some of its production from China with its largest suppliers, including Foxconn.
TAIPEI, Taiwan — Terry Gou, head of the world's largest contract assembler of consumer electronics, stepped closer to running for president of Taiwan on Monday, May 13 by announcing that he would not accept a vice presidential slot on the ticket of the opposition Nationalist Party.Gou is chairman of Foxconn, which assembles electronic products such as Apple's iPhones.