Foxconn Technology Group, the world's largest electronics manufacturer, reached a new deal with reduced tax breaks for its scaled-back manufacturing facility in Mt. Pleasant, Wis., Gov. Tony Evers (D) and the Taiwan firm announced April 19.
Evers and Jay Lee, company vice chairman, announced the new agreement and a resolution that has been submitted for approval to the Wisconsin Economic Development Corp. (WEDC). Foxconn has not met hiring targets for tax breaks under the previous state deal made in 2017 by then-Gov. Scott Walker (R) The company employed 281 people in 2019 in Wisconsin, according to the state.