Assembly committee hearing: Foxconn CEO reiterates investment, jobs promises

MADISON — The chairman of Foxconn Technology Group is reiterating to Wisconsin state lawmakers that the Taiwanese electronics company plans to invest $10 billion in the state and eventually employ 13,000 people at a massive display panel factory.

Testimony from Foxconn CEO Terry Gou was read at the beginning of a state Assembly committee hearing Thursday on a $3 billion tax incentive package. Construction of the plant is contingent upon the Republican-controlled Legislature passing the tax break bill.

Gou said in statement read by committee chairman Rep. Adam Neylon that the project will “transform the American electronics industry” with the first liquid crystal display monitor plant outside of Asia.

Minority Democrats and others have questioned whether Foxconn will follow through with the investment and job-creation promises.