Foxconn to Build LCD Production in North America
30 July, 2017
Foxconn will invest $10 billion over the next 4 years to build a 3,000 employees LCD panel manufacturing facility in Wisconsin. "This is part of a bigger plan to create a robust 8K+5G ecosystem in the US"
Foxconn Technology Group (Foxconn) announced an investment of approximately $10 billion over the next four years to build a new liquid crystal display (LCD) panel manufacturing facility in Wisconsin, US. This is the largest new greenfield investment made by a foreign-based company in U.S. history. Foxconn said it will create 3,000 jobs with the potential to grow to 13,000 new jobs in Wisconsin. President Donald Trump and Foxconn CEO Terry Gou made the announcement last week in a ceremony at the White House East Room.
“This is a once-in-a-century opportunity for our state and our country, and Wisconsin is ready,” said Governor Walker. “We are calling this development ‘Wisconn Valley,’ because we believe this will have a transformational effect on Wisconsin, just as Silicon Valley transformed the San Francisco Bay Area.”
Foxconn from Taiwan is the the world’s largest electronics manufacturing services provider, with monthly revenues of approximately $10.5 billion. The new facility, to be announced soon, will manufacture LCD panels for a wide range of products. “This is part of a bigger plan to create a robust 8K+5G ecosystem in the United States,” said Foxconn Founder and CEO Terry Gou.
“We are committed to realizing ‘Made in America’ by harnessing the potential of our Industry 4.0 vision and Plus Internet strategy. This will enable us to drive the advancement of intelligent manufacturing systems, processes and technology, as well as develop innovative products and solutions.”
According to WitsView, a division of TrendForce, the new plant will be mainly producing panels of 8K resolution. Foxconn’s Wisconsin plant represents the first-ever attempt to build LCD manufacturing capacity in North America. “Though Foxconn’s strategy of vertical integration has been successful in Asia, applying this model in the U.S. will run into some hurdles. For instance, obtaining key equipment such as exposure machines is a major challenge. Currently, Foxconn is also investing in a Gen-10.5 fab in Guangzhou, China. The sourcing of equipment has become the bottleneck that prevents this project from moving forward. The same problem could occur during the setup of the Wisconsin plant.”
Photo above: Workers at Foxconn plant in China. Source: Wikipedia
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