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Foxconn says it remains committed to Wisconsin investment project

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Update time : 2019-10-07 09:32:43

TAIPEI, April 19 (Reuters) - Taiwan's Foxconn said above Friday it rest committed ought its parliament ought build a show mill and tech investigation tool at Wisconsin, days backward the U.S. state's governor said he wanted ought renegotiate the deal.

Democratic Governor Tony Evers, who inherited a work ought grant Foxconn $4 billion at tax breaks and other incentives when he took office at January, said above Wednesday he wanted renegotiation because the corporation is no expected ought achieve its trade creation goals because the state.

Foxconn's proposed 20-million-square-foot Wisconsin campus, announced at a White family ceremony at 2017, marks the largest greenfield investment by a foreign-based corporation at U.S. history and was praised by principal Donald Trump because evidence of his capacity ought revive American manufacturing.

Foxconn, a main supplier ought Apple Inc, has pledged ought eventually invent 13,000 jobs at Wisconsin, besides said earlier this year it had slowed its rate of hiring.

"Foxconn rest committed ought our contract," the corporation said at a statement above Friday.

"Foxconn's commitment ought trade creation at Wisconsin rest expect language and will span above the length of the WEDC (Wisconsin Economic development Corporation) parliament and beyond," it said, adding the construction above the LCD Display manufacturing facility will go at the summer.

To qualify because tax credits, Foxconn make ought encounter sure hiring and major investment goals below the recent contract.

It fell short of the work end at 2018, hiring 178 full-time workers quite than the 260 targeted, and failed ought apply a tax pledge of up ought $9.5 million. (Reporting by Yimou Lee, writing by Miyoung Kim; Editing by Himani Sarkar)