When Foxconn Founder and CEO Terry Gou announced his company’s planned $10 billion investment in Southeastern Wisconsin by 2020 last week, it not only represented the state’s largest-ever economic development project, but also one of the largest new greenfield investments ever made by a foreign-based company in U.S. history, based on jobs. Gou was joined at the White House by President Donald J. Trump and Governor Scott Walker to announce the new world-class manufacturing campus, which will create 13,000 new jobs.
“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,” said Gou. “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.”
Foxconn is still evaluating multiple sites for the plant. With a floor area of 20 million square feet, the Foxconn campus will become one of the largest manufacturing campuses in the world.
Employees at the new facility will manufacture state-of-the-art liquid crystal display (LCD) screens which will be used in everything from self-driving cars to aircraft systems and in the fields of education, entertainment, healthcare, safety and surveillance, advanced manufacturing systems, and office automation, among others. Foxconn is a global leader in manufacturing services for the computer, communication, and consumer electronics (3C) industry.
Foxconn first established operations in the U.S. in 1988 and has facilities and offices in Alabama, California, Indiana, Massachusetts, Michigan, North Carolina, Pennsylvania, Texas, and Virginia. Operations include manufacturing, assembly and R&D facilities, as well as offices which are involved in sourcing from U.S. supply chain partners, product servicing, and manufacturing sales.
“This is a once-in-a-century opportunity for our state and our country, and Wisconsin is ready,” said Gov. Walker. “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.”
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