Foxconn to Build 3 Ancillary Facilities as Part of Wisconsin LCD Campus

Advertisement
By Reuters | Updated: 21 August 2017 18:20 IST

Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the US state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020.

Foxconn, which makes electronics under contract for clients such as Apple, announced its $10 billion plan at the White House in July, saying the LCD plant would occupy 1,000 acres in the state's south east.

Foxconn, formally Hon Hai Precision Industry, said it will begin by setting up a back-end packaging line, high-precision moulding line and end-device assembly line. It may also start importing glass from Taiwan, China and Japan.

Advertisement

The three facilities will require combined investment of under $1 billion, Louis Woo, special assistant to Foxconn Chairman Terry Gou, told Reuters on Monday. The jobs they generate will fall under the 13,000 positions that Foxconn has said its $10 billion investment would directly create, Woo said.

Advertisement

Wisconsin's Republican-controlled state Assembly voted last week to approve a bill aimed at establishing a $3 billion incentive package for the plant.

The bill next needs approval from the joint finance committee - with members from both the Assembly and state Senate - as well as from the Senate before going to the governor.

Advertisement

Foxconn expects a final decision on the matter in September, and if the bill wins final approval, the firm will immediately begin land survey work, Woo said.

He also said Foxconn is considering investing in other states, but has not finalised any plans.

Advertisement

Michigan state's governor recently met Gou at a Foxconn facility in the southeastern Chinese city of Shenzhen.

© Thomson Reuters 2017

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Best Diwali 2025 Wishes, Quotes, and Facebook Statuses to Share
  2. Scientists Create Most Detailed Radio Map of Early Universe Using MWA
  3. Madam Sengupta Is Now Streaming: Know Where to Watch This Bangla Crime Thriller
  1. Thanal Comes to OTT: Everything You Need to Know About This Tamil Action Thriller
  2. Madam Sengupta Is Now Streaming: Know Where to Watch This Bangla Crime Thriller
  3. Ryugu Samples Reveal Ancient Water Flow on Asteroid for a Billion Years
  4. Scientists Create Most Detailed Radio Map of Early Universe Using MWA
  5. Mayor of Kingstown Season 4 OTT Release: Know When, Where to Watch Jeremy Renner's Crime Drama
  6. Our Fault Is Streaming Now: Know All About This Gabriel Guevara and Nicole Wallace Starrer
  7. The Conjuring: Last Rites Is Now Streaming Online: Know Where to Watch the Latest Installment from the Horror Franchise
  8. Delhi Crime Season 3 OTT Release: Know When to Watch This Shefali Shah Thriller Series
  9. Vast Space to Launch Haven-1, the World’s First Private Space Station in 2026
  10. Atmospheric Carbon Dioxide Soars to 424PPM, Marking Biggest Yearly Jump Ever
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.