Foxconn to Build New Plant in Southeastern Wisconsin
Recently Chairman Terry Gou of Foxconn Technology Group (Hon Hai Precision Industry Group Ltd.) visited Milwaukee, Wisconsin to sign a memorandum of understanding and commit his Taiwan-based electronics manufacturing company to invest billions of dollars in the state.
Foxconn plans to invest $10 billion in Wisconsin by 2020. This will include a million square foot campus comprised of multiple buildings where super-high-definition liquid crystal display panels will be produced and used in a variety of industries. The manufacturer’s move to the state will also create an initial 3,000 high-skilled jobs with an average salary of $53,000 USD.
Foxconn has chosen the state because it is capable of developing a high-tech workforce, there are many corporate and potential partners already based in Wisconsin, and is close to Chicago - a global hub.
FirstPathway Partners is excited by Wisconsin’s continued growth and economic development opportunities. Large scale projects such as this are making Wisconsin a great place to invest.