FDI in Wisconsin: Foxconn Introduction

One of the most recent and largest foreign direct investments being brought into Wisconsin is the Taiwanese company, Foxconn, who is planning on building a factory near Racine. Foxconn is one of the largest electronics manufacturing companies in the world and they create electronic parts for all sorts of devices from phones to gaming consoles. This company is the largest employer in China and is listed number 27 on the Fortune 500 list. Foxconn plans on building a $10 Billion factory in Wisconsin to produce LCD panels that could be used in smartphones, TVs or computer monitors.  Wisconsin's state government is giving $3 Billion to help build this factory. Foxconn guarantees that 3,000 jobs will be created with this factory, but the plan is to eventually create 13,000 jobs at the 20 Million square foot factory. As a comparison, Wisconsin's unemployment is at 3.2% which is around 100,000 people.

http://fortune.com/global500/hon-hai-precision-industry/
https://www.ft.com/content/9e1ef9c4-7224-11e7-aca6-c6bd07df1a3c
http://money.cnn.com/2017/12/28/news/companies/foxconn-wisconsin-incentive-package/index.html