WASHINGTON (Reuters) – Taiwanese contract electronics manufacturer Foxconn Technology Co Ltd will dramatically scale back its planned investment in a Wisconsin plant, under an agreement announced with the state’s governor on Tuesday.
Wisconsin will reduce its tax credits authorized for the project from $2.85 billion to $80 million as Foxconn reduces its planned investment from $10 billion to $672 million and cuts the number of jobs planned from 13,000 to 1,454, Governor Tony Evers said in a statement. The investment was first announced at the White House in July 2017, when Donald Trump was president.
(Reporting by David Shepardson; Editing by Leslie Adler)
