Foxconn Deposits $60M for its Flat-Panel Plant in Wisconsin
MOUNT PLEASANT, Wis.--Foxconn Technology Group (FTG) has made its first financial commitment for a planned flat-panel plant in Wisconsin, according to the Milwaukee Journal Sentinel. Hon Hai Precision Industry Co., known as FTG outside of Taiwan, on Friday deposited $60 million to special bank accounts in Wisconsin. The money is to be used by the village and Racine County to buy land for the $10 billion flat-panel plant, the construction of which is to begin next month. MORE
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