Foxconn investment in Wisconsin will total US$569 million to expand operations and strengthen artificial intelligence infrastructure. Foxconn investment is significant as it signals renewed commitment to the U.S. market and local job creation.
The Hon Hai Technology Group, also known as Foxconn, confirmed the investment on Wednesday. The plan received approval from the Wisconsin Economic Development Corporation and focuses on Racine County. Officials expect nearly 1,400 new local jobs as a direct result.
Jerry Hsiao, Hon Hai USA’s general manager, said the company is scaling up operations to meet rising demand for data-related infrastructure. He added that Wisconsin employees currently account for almost 25 percent of the company’s U.S. workforce, with projections to double by 2030.
The state of Wisconsin will provide up to US$16 million in tax incentives if Foxconn meets performance targets under the new plan. This marks the company’s second incentive agreement with the Wisconsin Economic Development Corporation.
Previously, Foxconn signed an amended 2021 contract targeting US$672 million in investment and 1,454 jobs. The company has already spent over US$2 billion in Wisconsin on payroll, capital expenditure, and taxes, generating approximately 1,500 jobs.
Foxconn’s earlier plans in 2017 aimed for US$10 billion in investment and 13,000 jobs but failed to meet expectations. Initial projects focused on large flat-panel displays for televisions and other devices but were never fully realized.
Governor Tony Evers praised the 2021 agreement, noting it would save taxpayers US$2.77 billion compared to the original contract and safeguard local infrastructure investments. The state emphasized the importance of monitoring Foxconn’s performance in creating jobs and economic growth.
Experts note that Foxconn investment supports the company’s long-term strategy to strengthen AI and server production capabilities. Analysts say the U.S. expansion positions Foxconn as a critical player in global technology supply chains.
Looking ahead, Foxconn plans to scale AI operations and workforce expansion in Racine County steadily over the next decade. This growth is expected to enhance Wisconsin’s economic landscape while meeting increasing data infrastructure demands.
Overall, the Foxconn investment demonstrates the company’s renewed focus on the U.S., highlighting job creation, technological development, and long-term strategic positioning. The project continues to attract attention from both government and industry stakeholders.
