Despite reports in early 2019 that it was set to renege on its agreement to construct a $10 billion plant to build large LCD display panels in Wisconsin, Foxconn Technology Group is now indicating it plans to move forward with construction of the manufacturing facility at the Mount Pleasant site. According to an APNews.com report, Foxconn indicated Monday that construction of the plant will start later this year, and the facility will be producing flat-screen panels by the end of 2020.
According to APNews.com, Foxconn leadership recommitted to building a smaller manufacturing facility in Wisconsin than originally proposed following a meeting with President Donald Trump. "Even with the changes, Foxconn has remained committed to investing up to $10 billion in Wisconsin and hiring 13,000 people," the article indicates. "If it does that, the company would qualify for about $4 billion in state and local tax credits."
The factory will be a part of a massive campus located near Racine, close to the Wisconsin/Illinois border.
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