Foxconn selects Wisconsin
Taiwanese manufacturer will establish the first liquid crystal display (LCD) production facility in North America here
Foxconn Technology Group (Foxconn), the world’s largest electronics manufacturing services provider, is expected to begin construction soon on a $10 billion world-class advanced display manufacturing campus in Racine County expected to create up to 13,000 jobs.
This project is by far the Wisconsin’s largest economic development project and is the largest corporate attraction project in U.S. history as measured by jobs. The project is also the largest greenfield investment by a foreign-based company in U.S. history as measured by jobs.
Foxconn’s decision to establish operations in Wisconsin was announced in July 2017. The deal was solidified on Nov. 10, when Governor Walker and Foxconn Chairman Terry Gou signed a 15-year contract to provide up to $2.85 billion in state income tax credits that provide the company with the incentives it needs to move forward with this significant investment while at the same time fully protects the interests of Wisconsin taxpayers.
A global leader in manufacturing services for the computer, communication and consumer electronics (3C) industry, Foxconn will leverage Wisconsin’s strong manufacturing infrastructure and deep talent pool to manufacture state-of-the-art liquid crystal display (LCD) screens that will be used in everything from self-driving cars to aircraft systems and in the fields of education, entertainment, health care, safety and surveillance, advanced manufacturing systems and office automation, among others. This will be the first LCD facility of any kind in North America.
The construction of Foxconn’s Wisconsin facility alone will support 10,000 construction jobs in each of the next four years and 6,000 indirect jobs. When fully operational, Foxconn itself will employ 13,000 highly skilled workers in Wisconsin with an average salary of nearly $54,000.
Foxconn will create new opportunities for current Wisconsin suppliers while also attracting new businesses and talent to the state. It is projected that Foxconn will result in tens of thousands of indirect and induced jobs throughout Wisconsin and have at least a $7 billion annual economic impact on the state.
Find the media kit and news release below.
- Press Release 11/10/2017
- Media Kit – Updated 11/8/2017
- FOXCONN Contract overview
- August 3, 2017 testimony