Foxconn Reveals Location for New $10 Billion Factory

Foxconn has announced its plans to go ahead with a $10 billion advanced manufacturing facility, having chosen an area in Mount Pleasant in Racine Country, Wisconsin for the site. (It’s Really Going to Happen – LCD Making to Come to the US!)

The new factory will cover around 20 million square feet (1.8 million m²), making it one of the largest manufacturing premises in the world, 20 times the size of Amazon’s Wisconsin distribution center in Kenosha.

The campus will incorporate a TFT LCD plant, a packaging facility for LCD modules, a separate area for moulding and tool-and-die processes and an assembly line producing finished devices ready for sale. The opening of the facility will create an estimated 13,000 jobs, with employees expected to receive an average salary of $53,875.

Foxconn currently has an option on 1,800 acres of land within Mount Pleasant. Land owners with property within the confines of the planned construction area are being offered $50,000 per acre to relocate. The company hopes to commence building works in the second quarter of 2018.

Analyst Comment

Foxconn does not have a great history of following up on declared expansion plans outside China, but a failure to follow up in the US would lead to a big loss of prestige and reputation. (BR)