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International Business Times UK
International Business Times UK
Angelo dela Dingco

Foxconn Bags $16M Boost — as America Builds a Chip Shield for a Future 'China War'

Foxconn China Taiwan America United States Chen Mingchi
Escalating tensions between China and Taiwan put the spotlight on the essential microchip supply. (Credit: https://upload.wikimedia.org/wikipedia/commons/4/4d/Taiwan-China.png)

The Wisconsin Economic Development Corporation (WEDC) announced on 25 November 2025 that the Board of Directors approved up to $16 million (£12.8 million) in additional performance-based tax incentives for Foxconn. The Taiwanese firm is the world's largest electronic manufacturing service provider.

The Board-approved contract amendment supports the company's investment of an additional $569 million (£432.4 million) to expand its operations in Racine County, southeastern Wisconsin. In exchange for the tax incentives, Foxconn will create 1,374 new jobs over the next four years.

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