Foxconn wins approval for new $569 million investment in Wisconsin

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Taiwan’s Foxconn said on Wednesday that it had secured regulatory approval to invest an additional $569 million in the US state of Wisconsin to meet rising demand for AI servers.

The Wisconsin Economic Development Corporation (WEDC) approved the plan to expand operations at Foxconn’s facility in Racine County, the world’s largest contract electronics manufacturer said in a statement.

The expansion will focus on the AI server business, which Foxconn said would help strengthen domestic US supply chains.

“As the demand for more data infrastructure



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Foxconn wins approval for new $569 million investment in Wisconsin



Taiwan’s Foxconn said on Wednesday that it had secured regulatory approval to invest an additional $569 million in the US state of Wisconsin to meet rising demand for AI servers.

The Wisconsin Economic Development Corporation (WEDC) approved the plan to expand operations at Foxconn’s facility in Racine County, the world’s largest contract electronics manufacturer said in a statement.

The expansion will focus on the AI server business, which Foxconn said would help strengthen domestic US supply chains.

“As the demand for more data infrastructure



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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