After an announcement in July that Foxconn will build a $10 billion LCD panel manufacturing plant in southeast Wisconsin, a new report out today states that the Apple supplier is now planning to build three "ancillary facilities" in Wisconsin as well (via Reuters).
The three buildings are planned to be opened for operation as early as 2018, two years ahead of when the main LCD facility is expected to debut in 2020. The LCD plant will be focused on large-screened panels for TV sets, and with Apple potentially interested in investing in the United States plant, some buildings on the new Foxconn campus could eventually include an assembly line for smaller displays used in iPhones, iPads, or MacBooks.
The three facilities will be much smaller than the main plant and require a combined investment of below $1 billion.
Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. 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, formally Hon Hai Precision Industry Co Ltd (2317.TW), said it will begin by setting up a back-end packaging line, high-precision molding line and end-device assembly line. It may also start importing glass from Taiwan, China and Japan.
Foxconn is now awaiting a final decision on a bill that aims to grant the manufacturer a $3 billion incentive package for the Wisconsin plant, which will be met with approval or denial sometime in September. If approved, Foxconn will "immediately" begin land survey work for its new U.S. facilities.
Earlier in the summer, Foxconn chairman Terry Gou said the company was interested in the U.S. states of Ohio, Pennsylvania, Michigan, Illinois, Wisconsin, Indiana, and Texas, for potential manufacturing facilities. Gou's special assistant, Louis Woo, said in today's report that the company continues to look at other states it could expand into -- with Gou having met recently with Michigan's governor -- but no decision has been finalized.
Top Rated Comments
It's $3 billion in public funds to build factories.
Its way better for their state to build better roads, hire more teachers or improve their schools. That'll pay off way more than a few factory jobs.
And I'll bet you anything they will shut that factory down the moment they don't need it. This is nothing more than politicians spending public funds that make them look good, but have little benefit to society.