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Foxconn, Wisconsin to work together on ginseng industry

WAUSAU, Wis. (AP) — Foxconn has signed an agreement to jointly develop Wisconsin’s ginseng industry and grow its newly established Wisconsin-based brand.

The Taiwan-based company announced the deal Tuesday. Foxconn Health Technology Business Group signed the agreement in Wausau with the Ginseng Board of Wisconsin, the largest supplier of American ginseng in the United States.

The deal is to jointly develop Wisconsin’s ginseng industry and grow Foxconn’s ginseng brand, Hong Seng.

Foxconn says the agreement will bring together its high-end inspection technology and production capabilities to support holistic development of the American ginseng market.

Foxconn says it will also work with the University of Wisconsin Carbone Cancer Center to promote the study of American ginseng’s health benefits, including in cancer prevention and treatment.

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