TAIPEI: Taiwan's Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin, days after the U.S. state's governor said he wanted to renegotiate the deal.
Democratic Governor Tony Evers, who inherited a deal to give Foxconn US$4 billion in tax breaks and other incentives when he took office in January, said on Wednesday he wanted renegotiation because the firm is not expected to reach its job creation goals for the state.Foxconn's proposed 20-million-square-foot Wisconsin campus, announced at a White House ceremony in 2017, marks the largest greenfield investment by a foreign-based company in U.S.
Foxconn, a major supplier to Apple Inc, has pledged to eventually create 13,000 jobs in Wisconsin, but said earlier this year it had slowed its pace of hiring."Foxconn's commitment to job creation in Wisconsin remains long term and will span over the length of the WEDC contract and beyond," it said, adding the construction on the LCD display manufacturing facility will commence in the summer.
It fell short of the employment goal in 2018, hiring 178 full-time workers rather than the 260 targeted, and failed to earn a tax credit of up to US$9.5 million.
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