MILWAUKEE — Foxconn Technology
Group announced it created 1,032 jobs in support of its Wisconn
Valley Science and Technology Park with 178 of those jobs meeting
the requirement for the 2018 round of investment tax
credits/co-investment from the state; however, it will not seek the
first round of co-investment from the state.
“In 2019, we look forward to making continued progress on the
construction of the Wisconn Valley Science and Technology Park
campus. We will be conducting further information sessions for
contractors in coming months. As part of the first phase of the
project, we expect to start construction of facilities to house
cutting-edge display development, advanced manufacturing, and 8K+5G
research and development capabilities in the spring,” reads the
The company also says it remains committed to creating 13,000 jobs
in Wisconsin, but says it has adjusted the recruitment and hiring
timeline without giving specifics.
“As a company with operations around the world, we need to have the
agility to adapt to a range of factors, including global economic
conditions. We have done so while simultaneously advancing other
aspects of the project and achieving our foremost priority for 2018
— creating a solid foundation upon which the Wisconsin project can
continue to grow further,” reads the announcement.
Louis Woo, special assistant to Foxconn founder and CEO Terry Gou,
said the company has also invested more than $200 million in the
state and expanded its collaboration with a range of academic
partners and supported state businesses.
“Wisconsin is at the heart of our vision to create a vibrant AI
8K+5G ecosystem and we look forward to working closely with local
partners, educational institutions, organizations and businesses to
make further progress on the Wisconn Valley Science and Technology
Park and our innovation network throughout the state, in line with
our Wisconsin First commitment,” Woo said in a statement.