Taipei, Construction of Hon Hai Precision Industry Co.'s state-the-art flat panel factory in Wisconsin in the United States is about to begin, according to statement from the company.
In a joint statement with the building contractor Gilbance Building Co., the company said on April 26 that it will begin work on the project Saturday in Wisconsin and will hold a formal groundbreaking ceremony in a few months' time.
The launch of the project follows an agreement Hon Hai signed last November with Wisconsin Economic Development Corp. (WEDC) to build a US$10 billion flat screen manufacturing plant in the state's Racine County.
The flat panel manufacturing plant and campus, spread over 1,000 acres in the village of Mount Pleasant, is expected to utilize a 5G technology ecosystem as it rolls out next generation 8K high-definition panels and facilitates artificial intelligence development.
When the project gets off the ground Saturday, all of the preliminary work will be assigned to contract companies based in Wisconsin, 10 percent of which are Racine City firms, said Hon Hai, which is known internationally as Foxconn.
Gilbance Vice President Adam Jelen said 25-30 companies in Wisconsin will be involved in the preliminary work, which is expected to cost about US$100 million and create 800 jobs.
The start of the project was welcomed by Racine City Mayor Cory Mason, who lauded it on television.
"This is about returning to the area, the dignity of work," Mason said on ABC's affiliate WXOW. "This is about building things here in America. Here in Racine, this is a proud tradition we know how to lean on heavily."
In Hon Hai's statement, spokesman Louis Woo (???), who is also special assistant to company Chairman Terry Gou (???), said the start of construction on the plant is a milestone in the company's massive investment in Wisconsin.
Hon Hai will use the Wisconsin investment project as a launch pad for its efforts to develop 5G and AI in the U.S. market, Woo said.
The announcement of the start of the project came after Racine gained approval from the Wisconsin Department of Natural Resources on Thursday to channel water from Lake Michigan for use at the factory.
According to U.S. media, Wisconsin has granted Hon Hai US$3 billion in tax incentives for project, the largest package of subsidies ever given to a foreign company by a U.S. state.
When the plant is completed, it is expected to create 13,000 new jobs in the state.
Source: Focus Taiwan News Channel