Foxconn plans to invest $569 million and create 1,374 new jobs over the next four years, deepening its presence in Wisconsin after years of evolving project expectations.
The Wisconsin Economic Development Corporation (WEDC) Board of Directors has approved a contract amendment that authorizes up to $16 million in additional performance-based tax incentives for the Taiwan-based electronics manufacturer as the company undertakes a significant new expansion in Racine County.
“As the demand for more data infrastructure continues to rise, Foxconn will keep responding to our customers’ needs with flexibility and at scale in the United States,” said Jerry Hsiao, Foxconn’s chief product officer. “Wisconsin accounts for close to a fourth of our workforce in America, and this second-stage project will double that presence in the state by the end of this decade.”
Open to OpenAI
The announcement follows hot on the heels of OpenAI entering into a partnership with Foxconn to develop and produce critical hardware for AI data centers in the US, a move aimed at accelerating the build-out and resilience of America’s AI infrastructure…