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Foxconn Commits to Building Wisconsin LCD Panel Plant

HeadlineFeb 04, 2019

On Friday, Taiwanese electronics manufacturer Foxconn walked back reports that it was reconsidering a plan to build flat screen TV panels at a Wisconsin plant. Terry Gou, chair of Foxconn, said he spoke to President Trump and confirmed plans to go ahead with construction of the factory. The comments contradicted Thursday’s report that said the facility will focus on research and development rather than manufacturing. In 2017, Governor Scott Walker, who was defeated in the November midterm elections, offered Foxconn $3 billion in state and local tax credits—which has since ballooned to over $4 billion—while the tech giant promised to create 13,000 jobs.

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