State-of-the-art Electronics Plant to Be Built in Wisconsin
Electronics manufacturer Foxconn has announced plans to build a $10 billion, 1.6 square mile production facility in southeastern Wisconsin, which is expected to initially create 3,000 jobs. Over the next four years, the factory is estimated to support 10,000 jobs and 6,000 indirect jobs.
The plant will supply state-of-the-art LCD screens for use in autonomous cars, aircraft systems, surveillance, office automation and more. Foxconn is the largest contract assembler of iPhones and other Apple devices. It also supplies gadgets to Google and Amazon.
Six other states were in the running for the facility but Wisconsin won due to proposed tax incentives. Wisconsin Governor Scott Walker said that he will call a legislative session to discuss incentives, which will include up to $1.5 billion in income tax credits for creating jobs and $1.3 billion in income tax credits for capital investment.
The display fabrication plant will be built close to Lake Michigan, whose water supply will be necessary to help keep work spaces dust-free.
The plant is supposedly the first in a series of facilities to be built in the US, according to Foxconn CEO Terry Gou, and will be part of an 8K+5G ecosystem. Gou states that the US does not currently have the ability “to produce a complete 8K system,” which is the current highest ultra high definition television resolution. “We are going to change that and it starts today with this investment in Wisconsin,” he declared.
Foxconn has offices in nine US states that conduct manufacturing, R&D, sales, servicing and assembly. They also operate in Asia, Europe and Latin America.