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MADISON, WI — Today Wisconsin told Foxconn the firm won't qualify for billions in state tax credits unless it reaches a new deal involving the scaled-down factory the company now plans to build, according to reports.

Since 2019, the state has told Foxconn it would not qualify for tax credits without revisions to its 2017 contract because the company has changed its plans.

Foxconn’s original contract said it would earn nearly $4 billion in state and local tax incentives for a $10 billion display screen manufacturing campus that would employ up to 13,000.

Subsequently, Foxconn said it was lessening the site to a Generation 6, rather than a Generation 10.5, plant, which would make smaller thin-film transistor LCDs for cellphones and other devices.

 

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