FOXCONN Technology Group has announced construction of its Wisconsin facility will begin later this year, with the factory set to begin producing flat-screen panels by the end of 2020.
Talks of a Wisconisn-based facility have been on-going for several years. The Taiwan-based company first said it had plans to build a Generation 10 plant in the state, before settling on the current plans to build a Generation 6 factory. Gen6 factories generally make smaller screens for products such as televisions, tablets and mobile phones.
In 2017, Foxconn was offered $4 billion in state and local tax credits by the state of Wisconsin if it chose to build the plant within the state. This was under the assumption that the company would invest $10 billion into Wisconsin, and hire 13,000 people. It is uncertain at this stage if Foxconn still qualifies for this incentive with the creation of a smaller facility.
“Our commitment from day one has been to establish a winning formula for Foxconn and for Wisconsin,” Dr. Louis Woo, special assistant to Foxconn CEO Terry Gou said.
“We continue to expand our presence around the state, create jobs, and deepen our partnerships while innovating and adapting to meet changing market needs.”
The plans for construction of the plant are well-underway, with $34 million in construction contracts recently awarded to five Wisconsin-based companies. These subcontractors are:
- W. Oakes & Sons, Inc.
- Giles Engineering Associates Inc
- Hoffman Construction Company
- Payne & Dolan, Inc.
- Staff Electric Company Inc
“Foxconn is proud to announce these successful Wisconsin-based subcontractors who will help make the Gen6 facility a reality,” Dr. Woo said.
“This investment will continue to provide new economic development to the local community and throughout the state. Our Wisconsin First approach guides how we conduct business in the Badger state, and we look forward to having a positive impact on a range of industries and sectors in the community.”