Thursday, August 23, 2018

Foxconn now declines to say it plans to build type of factory named in state, local contracts

From JSOnline:

, Milwaukee Journal Sentinel Published 9:51 a.m. CT Aug. 23, 2018 | Updated 12:18 p.m. CT Aug. 23, 2018

Foxconn signs are in place as work continues on the Foxconn facility south of Braun Road and west of Racine County Highway HH in Mount Pleasant.(Photo: Mike De Sisti and Jim Nelson / Milwaukee Journal Sentinel)

Foxconn Technology Group on Wednesday said again that it will create 13,000 jobs in Wisconsin and invest $10 billion in its planned manufacturing campus, but declined to say it still plans to build the type of factory specified in its contracts with state and local government.

Responding to criticism from Democrats over changing plans for a project that could receive some $4 billion in public subsidies, Foxconn reiterated that it is committed to the jobs and investment numbers.

But in a shift from its stance of two months ago, the company on Wednesday did not offer assurances that it still plans to build the type of liquid crystal display panel plant the contracts cite.

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