Foxconn Boosts Wisconsin AI

Foxconn has received approval for an additional $569 million investment in Wisconsin, earmarked for building AI infrastructure. This expansion aims to meet the increasing demand for AI servers from US clients and bolster domestic supply chains. The Wisconsin Economic Development Corporation (WEDC) has greenlit Foxconn's plans to expand operations in Racine County.

Foxconn intends to create nearly 1,400 new jobs in Racine County. If Foxconn meets specific performance conditions, WEDC will provide up to $16 million in additional tax incentives. The company could receive up to $96 million in tax credits by the end of 2029, provided it meets investment and job creation conditions. Foxconn anticipates creating 2,616 jobs and a cumulative capital expenditure of $1.2 billion in Wisconsin.

Foxconn has invested over $2 billion in Wisconsin across payroll, capital expenditure and taxes, creating around 1,500 jobs in server production. This additional investment marks the second amendment to Foxconn's contract with WEDC.