Taiwanese contract electronics manufacturer Foxconn has purchased a building in Milwaukee, Wisconsin to serve as its North American headquarters, according to the Associated Press.
Foxconn is buying the 611 Building originally owned by Northwestern Mutual, which handed the building over to the company in a ceremony on Friday. It says that it will house 500 workers in the new headquarters, which will also include an “innovation center” designed to aid startups working on applications for the LCD panels that the company plans to manufacture in the state. Louis Woo, Special Assistant to Foxconn chairman Terry Gou, said that the company will “focus on building a stronger corporate team here in Milwaukee.”
The company has also announced a partnership with the University of Wisconsin-Milwaukee, which will allow five engineering students to intern at the company’s facility in Mount Pleasant before traveling to the company’s headquarters in Taiwan to work on research projects in February.
Last year, Foxconn announced plans for a $10 billion factory in Wisconsin that would manufacture LCD panels, and is expected to initially employ 3,000 people (it could employ upwards of 13,000 in the future). The Apple supplier was lured to the state through a series of generous tax breaks from the state to the tune of $3 billion over the next 15 years. The factory is expected to open in 2020.
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The source of this post: https://www.theverge.com/2018/6/16/17471018/foxconn-milwaukee-wisconsin-611-building-north-american-headquarters