Foxconn to Invest $569 Million to Boost Server Output in the US

Local authorities approved Foxconn's request to invest an additional $569 million in increasing data server production in southern Wisconsin. The company stated that the expansion would create nearly 1,400 jobs.

The Wisconsin Economic Development Corp (WEDC) gave the green light for the investment in Mount Pleasant, which will create 1,374 jobs over four years. As part of a new contract, WEDC will give Foxconn $16 million in additional performance-based tax incentives from the first-stage investment that was revised in 2021.

Jerry Hsiao, Foxconn’s chief product officer and GM of Hon Hai USA, noted in a statement that Wisconsin accounts for nearly a fourth of its workforce in the US, and this second-stage project will double its presence in the state by the end of the decade. The contract electronics manufacturer added that it spent more than $2 billion in Wisconsin over the last several years across payroll, capex, and taxes.