Foxconn's Wisconsin Manufacturing Facility to Open in Late 2020
MOUNT PLEASANT, WI—Foxconn Technology Group said Monday that its manufacturing facility in Wisconsin will be producing flat-screen panels by the end of 2020, with construction starting later this year. After a meeting with President Donald Trump, Foxconn’ founder and CEO Terry Gou recommitted to building a smaller manufacturing facility in the state than what was originally promised.
The Taiwan-based Foxconn is building what is known as a Generation 6 factory, which typically makes smaller liquid crystal display screens for cellphones, tablets, televisions and other devices. The company first said it was going to build a larger Generation 10 plant, which would have used glass more than three-times as large as what the smaller facility will use.
Nonetheless, Foxconn still plans to invest up to $10 billion in Wisconsin and hire 13,000 people. If it does that, the company would qualify for about $4 billion in state and local tax credits.
Foxconn's Monday announcement included plans to award bids for roads, utilities and storm drainage work by April 1 and issue construction bids in May. Facility construction will begin by the summer, with the first panels produced in the last three months of 2020.
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