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 $60M to special bank accounts in Wisconsin. The money is to be used by the village and Racine County to buy land for the $10B flat-panel plant, whose construction is to begin next month.