-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueDo You Have X-ray Vision?
Has X-ray’s time finally come in electronics manufacturing? Join us in this issue of SMT007 Magazine, where we answer this question and others to bring more efficiency to your bottom line.
IPC APEX EXPO 2025: A Preview
It’s that time again. If you’re going to Anaheim for IPC APEX EXPO 2025, we’ll see you there. In the meantime, consider this issue of SMT007 Magazine to be your golden ticket to planning the show.
Technical Resources
Key industry organizations–all with knowledge sharing as a part of their mission–share their technical repositories in this issue of SMT007 Magazine. Where can you find information critical to your work? Odds are, right here.
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - smt007 Magazine
Foxconn Breaks Ground on $10B Investment in Wisconsin
June 29, 2018 | Office of the Governor of WisconsinEstimated reading time: 3 minutes
Governor Scott Walker today joined President Donald Trump, Speaker of the U.S. House of Representatives Paul Ryan, and Foxconn Technology Group (Foxconn) in celebrating the groundbreaking of Phase 1 of Area 1 of the Wisconn Valley Science and Technology Park in Mount Pleasant. Foxconn is committed to a “Wisconsin First” strategy to build the campus, which places an emphasis on hiring Wisconsin workers and businesses.
“This is a historic moment for our entire state and our country,” Governor Walker said. “Wisconsin won Foxconn and the first LCD manufacturing facility in North America thanks to our outstanding workforce and strong manufacturing legacy. With Foxconn’s plans to create 13,000 direct good-paying, family-supporting jobs, and our record low unemployment rate of 2.8 percent, it makes it all the more important to attract more workers to Wisconsin.”
Foxconn represents the largest foreign direct investment in Wisconsin history and it is one of the largest greenfield investments by a foreign-based company in United States history, as measured by jobs. The Metropolitan Milwaukee Association of Commerce estimates that the project will add $51 billion to Wisconsin’s gross domestic product over the next 15 years. This translates to $18 returned for every $1 invested by the state. Foxconn is expected to spend about $1.4 billion annually in goods and services sourced from Wisconsin.
The company plans to create up to 13,000 jobs with an average annual salary of $53,875 with benefits once fully operational. In addition to the requirements in the contract, the company also has set an aggressive goal of hiring 3,000 veterans by the time the facility is fully operational.
“We are proud to mark this historic occasion and formally start construction of our state-of-the art science and technology campus in America’s heartland,” said Foxconn Founder and CEO Terry Gou. “Over the past year, we have formed strong partnerships with communities across Wisconsin and we look forward to continuing to work with the talented, hard-working people here in the years ahead. We thank President Trump, Governor Walker, and Speaker Ryan for their commitment to this project that will help reinvigorate high-tech manufacturing in the U.S. and the high-tech industry in the Midwest.”
The state is supporting Foxconn’s historic investment in Wisconsin by providing the company with up to $2.85 billion in state income tax credits over the next 15 years. All tax credits are “pay-as-you-grow,” which means Foxconn must create jobs and make a capital investment before it earns any credits and can only receive the full amount of credits if it creates 13,000 jobs and $10 billion in capital investments. The contract with the Wisconsin Economic Development Corporation (WEDC) also requires the company to provide an average annual salary of $53,875 with full benefits.
“As we break ground today, we embark on a new era of manufacturing in the State of Wisconsin,” said Speaker Paul Ryan. “I’m thrilled that this project will not only create thousands of good, family-sustaining jobs, but ensure that Wisconsin is at the cutting-edge of this important industry. Today, we demonstrate to the rest of the world that Wisconsin will be a manufacturing powerhouse for generations to come, and I am excited to see the far-reaching economic impact Foxconn will have on the state and district I call home.”
Once the facility is fully operational, Foxconn is expected to make $4.26 billion in supplier purchases annually with roughly one-third being sourced from Wisconsin. The project is expected to have at least a $7 billion annual economic impact on the state and generate between $116 million and $157 million in state tax revenue annually, once fully operational. Wisconsin is already noticing the ripple effect Foxconn’s “Wisconsin First” approach is creating throughout the state. Foxconn awarded more than 20 contracts for initial site excavation work and an additional eight contracts for construction of a multipurpose building to Wisconsin-based subcontractors for work on the site of Wisconn Valley Science and Technology Park.
The “Wisconsin First” approach aims for 60 percent of subcontracting to be executed by Wisconsin-based companies, 10 percent of that from Racine County-based businesses. This approach also prioritizes Veteran-owned, Women-owned, Minority-owned, and/or Disadvantaged Business Enterprises in the project—estimating to have at least 10 percent of subcontractors in this category.
Suggested Items
ViTrox Marks 25 Years of Innovation with Cutting-Edge Solutions at NEPCON China 2025 in Shanghai
04/18/2025 | ViTrox TechnologiesViTrox, which aims to be the World’s Most Trusted Technology Company, is proud to announce its participation in NEPCON China 2025, taking place from April 22–24, 2025, at Booth #1E45, Shanghai World Expo Exhibition & Convention Centre (SWEECC).
Nortech Positioned to Serve Global Markets Amid Tariff Challenges
04/18/2025 | BUSINESS WIRENortech Systems, a global leader in digital connectivity solutions and data management engineering, is strategically positioned to serve customers in Europe and the Asia Pacific region while effectively mitigating the impact of global tariffs and trade challenges.
Can the Electronics Industry Balance Tariffs With Investment?
04/18/2025 | I-Connect007 Editorial TeamTo better understand the U.S. administration’s recent actions on global trade policies, Barry Matties and Nolan Johnson met with Richard Cappetto, IPC’s senior director of North American government relations, who highlighted both the challenges and opportunities available to U.S. companies in the recent trade activity. This could include increased domestic manufacturing and supply chain diversification.
University of Arizona Pioneering Technical Education Beyond Semiconductors
04/18/2025 | Marcy LaRont, PCB007 MagazineWhile many universities struggle to keep their curriculum up to date with the evolving needs of the electronics industry, the University of Arizona stands head and shoulders above the others. Its Center for Semiconductor Manufacturing incorporates five of the colleges at UA and emphasizes an interdisciplinary approach to prepare students for diverse careers in technology and manufacturing.
IPC President’s Award: Xaver Feiner
04/17/2025 | Nolan Johnson, SMT007 MagazineThroughout his career, Xaver Feiner, vice president of marketing and sales at Zollner Elektronik, has developed extensive expertise in account management and new business development with a strong focus on the semiconductor industry, aerospace, and industrial electronics. Xaver has cultivated a profound understanding of global markets and remains deeply engaged with the challenges and opportunities presented by digital transformation. Since 2020, he has been an active member of the IPC Europe Advocacy Group, where he is dedicated to advancing the position of the electronics industry and the EMS sector across Europe.