Foxconn will go ahead with its US$ 10 billion LCD screen production facility in the state of Wisconsin this summer and begin production in the fourth quarter next year, Xinhua News Agency reported, citing information from the Taiwan-based technology giant.
The project was initially reportedly to produce tenth generation LCD screens, but was later adjusted to make sixth generation products instead, considering “changing market needs,” the company said.
The facility will manufacture LCD screens for use in a variety of product applications, including vertical solutions for education, medical and health care, entertainment and sports, security and smart cities.
“We continue to expand our presence around the state, create jobs, and deepen our partnerships while innovating and adapting to meet changing market needs,” said Louis Woo, special assistant to founder and CEO Terry Gou.
The facility was designed to bring in investment worth US$10 billion and 13,000 jobs to Wisconsin.
By April 1, Foxconn will announce the awards for two bid packages involving construction of utilities, roadways and storm drainage at the Wisconn Valley Science and Technology Park in Racine County, the report said.