Hon Hai’s Wisconsin plant expected to break ground in April

Taipei, Feb. 12 (CNA) A state-of-the art flat panel plant in the U.S. State of Wisconsin planned by Taiwanese manufacturing giant Hon Hai Precision Industry Co. is expected to break ground in April at the earliest, according to company chairman Terry Gou (???).

Speaking with the press at a Hon Hai Lunar New Year celebration held Sunday, he said that it is snowing heavily in Wisconsin, construction of the sophisticated flat screen plant is expected to start at the end of April.

In November, Hon Hai, known as Foxconn in the global market, signed an agreement with Wisconsin Economic Development Corp. (WEDC) to build a flat screen manufacturing campus in the state through an investment of US$10 billion.

The flat panel manufacturing factory and campus will be located in Mount Pleasant, Racine County, on a site of 1,000 acres.

The investment, which echoes U.S. President Donald Trump's "America First" policy to bring jobs to the U.S. market, is expected to create 13,000 jobs with an estimated average salary of US$53,875 per employee, over a period of up to six years.

According to Hon Hai, the investment aims to create a 5G technology ecosystem at the Wisconsin complex rolling out next generation 8K high-definition panels.

Last week, the Associate Press reported that Hon Hai has picked Milwaukee, southeastern Wisconsin, as the location for its North America headquarters as part of its commitment to the massive investment in the state.

The report said Hon Hai will buy a seven-story office building in downtown Milwaukee and call the building "Foxconn Place," accommodating about 650 employees.

The report added that while the headquarters will house Hon Hai's staff, the building will also become a base for incubators and start-up firms cultivated by the Taiwanese firm.

Wisconsin granted the Taiwanese firm US$3 billion in tax incentives to draw the project to the state, the largest package of subsidies ever given to a foreign company by a U.S. state, according to U.S. media.

Source: Focus Taiwan