Foxconn to build $10bn manufacturing plant in US
July 29, 2017 – Foxconn Technology Group (Foxconn) has unveiled plans to build a new manufacturing campus in Southeastern Wisconsin, US that will entail an investment of $10bn.
The new factory will produce liquid crystal display (LCD) screens, which will be used in self-driving cars, aircraft systems, and in the fields of education, entertainment, healthcare, safety and surveillance, advanced manufacturing systems, and office automation, among others.
The factory will create about 13,000 new jobs in Wisconsin and is touted to be one of the largest new greenfield investments made by a foreign-based company in US history.
Foxconn founder and CEO Terry Gou said: “We are thrilled to build a state-of-the art display fabrication plant in America’s heartland, which will be the first of a series of facilities we are building in several U.S. states as part of a robust 8K+5G ecosystem in the United States.
“We thank President Trump and Governor Walker for their work to bring Foxconn to Wisconsin. Wisconsin offers a talented, hardworking workforce, and a long track record in advanced manufacturing, all of which presents an extraordinary opportunity.”
Wisconsin governor Scott Walker said: “This is a once-in-a-century opportunity for our state and our country, and Wisconsin is ready. We are calling this development ‘Wisconn Valley,’ because we believe this will have a transformational effect on Wisconsin, just as Silicon Valley transformed the San Francisco Bay Area.
“Foxconn plans to bring the future of high-tech manufacturing to America, and Wisconsin is going to lead the way. We are honored Foxconn chose Wisconsin, and I thank Terry Gou for all he has done to make this happen.”
In 1988, Foxconn first established operations in the US and manages facilities and offices in Alabama, California, Indiana, Massachusetts, Michigan, North Carolina, Pennsylvania, Texas and Virginia.