Foxconn Signs “Memorandum Of Understanding” For New State Plant

7/28/17 – Governor Scott Walker and Foxconn C-E-O Terry Gou have signed a “memorandum of understanding” as the Taiwanese technology firm gets ready to set up shop in Wisconsin. A ceremony was held Thursday at the Milwaukee Art Museum where Gou praised state leaders for their efforts and hailed the Republican Walker for his aggressive work in winning the new $10-billion-dollar that could eventually have up to 13,000 employees making L-C-D screens. Gou tells the Milwaukee Journal Sentinel that Foxconn will have several buildings at a spread out campus — and the plant will make Apple Eight “K” plus Five “G” iPhones with the sharpest definition and the highest speeds. Lawmakers must still approve a $3-billion dollar package of tax incentives for Foxconn, and the Journal Sentinel says the company is trying to snap up farmland in a 1,000 acre section near Mount Pleasant and Sturtevant in Racine County.