Gas prices at Wisconsin surge more than national average. Find out why

Details of the new deal were not immediately released. It was scheduled to be approved at a Tuesday meeting of the Wisconsin Economic Development Corp., the state's top jobs agency that previously negotiated the initial deal with Foxconn.

The new deal will reduce the potential tax breaks by billions of dollars and still have potential tax breaks worth more than $10 million for the company, a person with knowledge of the new contract who was not authorized to speak publicly about the deal said Monday.

The original contract with nearly $4 billion in state and local tax incentives was struck in 2017 by then-Gov. Scott Walker. It was based on Taiwan-based Foxconn's promise to build a massive $10 billion flat screen panel manufacturing facility in Mount Pleasant, near the Illinois border, employing up to 13,000 people.

Then-President Donald Trump heralded the original deal as a sign of a revitalized American manufacturing economy, calling the envisioned plant ``transformational'' and the ``eighth wonder of the world.'' He traveled to Wisconsin in 2018 for the ground breaking ceremony.