On January 7th, the Wisconsin State Taxation Office issued a statement on January 6th stating that Hon Hai, through its subsidiary FEWI Development, has acquired 20 acres of land in Mount Pleasant, with a land value of nearly $4.9 million. Hon Hai has not disclosed specific plans regarding the land. Mount Pleasant stated that it is fulfilling the development agreement reached with Foxconn several years ago, which includes a commitment to transfer ownership of some of its assets upon Foxconn’s request.
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