On July 27, Foxconn Technology Group made a significant announcement, revealing plans to invest $10 billion over the next four years to build an advanced LCD panel production facility in Wisconsin. This marks one of the largest investments ever made by a foreign company in the U.S., promising to create 3,000 new jobs in Wisconsin alone, with the potential to impact up to 13,000 individuals. This landmark project symbolizes Foxconn’s commitment to expanding its footprint in American manufacturing.
The event was celebrated at a special ceremony held on the East Side of the White House, where both U.S. President Donald Trump and Foxconn's founder and chairman, Terry Gou, took part. President Trump expressed his enthusiasm, stating, "This is a great day for American manufacturing, for workers, and for everyone who believes in 'Made in America.' Foxconn’s initiative highlights the unmatched talent of American workers and underscores the boundless possibilities of the American Dream. Prosperity is just around the corner."
Wisconsin Governor Scott Walker echoed similar sentiments, referring to the project as "a once-in-a-century opportunity." He remarked, "We’re calling it 'Wisconn Valley' because we envision this investment reshaping our state much like Silicon Valley transformed the San Francisco Bay Area. Foxconn’s arrival signifies a new era of high-tech manufacturing in the U.S., and Wisconsin will play a pivotal role in leading this change. We are deeply grateful to Foxconn and Mr. Gou for choosing Wisconsin as their base."
The newly established LCD panel plant will be located in southeastern Wisconsin, with further details regarding the exact location expected to follow soon. These panels will find applications across various cutting-edge sectors, from next-generation TVs and autonomous vehicles to flight systems, smart education platforms, healthcare solutions, and advanced manufacturing technologies. This facility will undoubtedly play a crucial role in enhancing consumer experiences in countless ways.
Foxconn President Terry Gou shared his excitement about the project, emphasizing its strategic importance within the broader context of their global vision. "Building this state-of-the-art panel plant in the heart of the U.S. is not only the first step in our ambitious strategy to establish the 8K+5G ecosystem here but also a testament to Wisconsin's rich heritage in advanced manufacturing," he stated. "I extend my gratitude to President Trump, Governor Walker, and the U.S. Innovation Office for their unwavering support. Wisconsin’s workforce is uniquely positioned to drive innovation, and we are thrilled to partner with them."
This collaboration between Foxconn and Wisconsin represents a bold move towards technological advancement and economic growth. As the project unfolds, it holds immense potential to redefine the landscape of modern manufacturing in the U.S., bringing both economic benefits and new opportunities for innovation.
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