US EditionFoxconn adding nearly 1,400 jobs to build artificial intelligence servers at Racine County plant
Foxconn will more than double its workforce with 1,400 new jobs to build AI servers, backed by up to $16 million in state tax incentives, officials said.
- On Tuesday, Foxconn announced a $569 million expansion at its Racine County plant to build artificial intelligence servers, adding nearly 1,400 jobs over the next four years, Foxconn said.
- The Wisconsin Economic Development Corporation approved a contract amendment providing up to $16 million in performance-based tax incentives, making Foxconn eligible for $569 MILLION in EITMZ credits through Dec. 31, 2029.
- Foxconn currently employs 1,200 people at its Mount Pleasant site, near where Microsoft is building two large data centers in Racine County.
- Under the amended contract, WEDC projects the moves will create 1,374 new jobs by 2029, with Foxconn expected to generate 2,616 total jobs and invest $1.2 billion in capital.
- Once in 2017 Foxconn pledged 13,000 jobs, but the Taiwanese tech company said the expansion responds to rising U.S. customer demand and strengthens domestic supply chains for data management and infrastructure.
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12 Articles
Foxconn to invest US$569 million in Wisconsin operations
The Hon Hai Technology Group is planning to invest an additional US$569 million in Wisconsin to expand its operations in the U.S. state and deepen its work in artificial intelligence (AI) infrastructure, the company said Wednesday.
Foxconn to add over 1,000 jobs at Mt. Pleasant facility, plans to build AI servers
MADISON, Wis. – Over 1,000 new jobs will be added at Foxconn’s Racine County facilities in Mount Pleasant over the next four years. The new workers will be used by the electronic manufacturing service provider to help build AI servers. The Wisconsin Economic Development Corporation also approved a contract amendment providing up to $16 million in additional performance-based tax incentives to Foxconn. “WEDC has been committed to ensuring Foxconn…
Foxconn planning $569M expansion in Racine County that could create 1,300 jobs
Under the newest revision to Foxconn’s contract with the state, Foxconn could earn up to $96 million in state tax credits through 2029. The post Foxconn planning $569M expansion in Racine County that could create 1,300 jobs appeared first on WPR.
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