Foxconn creates 1,000-plus jobs in 2018, will not seek state co-investment

Freeman Staff

Jan. 20, 2019

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 Friday announcement.

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.