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Wisconsin board clears way for $3 billion Foxconn deal


(Reuters) - Wisconsin's economic development agency on Wednesday approved a $3 billion incentives package for Taiwan-based Foxconn to build a massive liquid-crystal display plant in the state, Governor Scott Walker said.The vote by the Wisconsin Economic Development Corporation clears a final hurdle for the controversial deal, in which Foxconn hopes to open a $10 billion plant in 2020 at a 1,000-acre site in southeastern Wisconsin. [nL1N1KH10M]Foxconn, formerly known as Hon Hai Precision Industry Co Ltd, is a major supplier to Apple Inc for its iPhones."WEDC's board approved the deal with ...

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First Published: Thu, November 09 2017. 07:05 IST