MADISON, WI — The State of Wisconsin has agreed to new terms for Foxconn, reducing the ODM’s tax breaks, say reports. Details were not immediately disclosed.

Potential state and local tax incentives originally expected to be nearly $4 billion are expected to be reduced to more than $10 million, according to an unnamed source.

The move comes after lengthy talks over the size and scope of Foxconn’s manufacturing facility here. Wisconsin came under severe criticism for the size of the tax incentives it offered Foxconn, the world’s largest EMS/ODM. The outcries grew louder as Foxconn was slow to bring the plant online, then downsized its plans.

Jay Lee, Foxconn's vice chairman, said Foxconn approved the new deal to lower taxpayer liability in exchange for flexibility to pursue business opportunities that meet market demand.

Foxconn previously said it would downsize the 2,500-acre factory from a Generation 10.5 plant to a Generation 6 plant that makes smaller thin-film transistor liquid crystal display screens for cellphones and other devices, rather than larger screens first promised.

In March, Foxconn's chairman said the company was now considering building electric vehicles there.

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