Electronics assembly company Foxconn, which is known for building iPhones for Apple, announced that it has just received regulatory approval to expand its Wisconsin factory. According to Reuters, the Wisconsin Economic Development Corporation (WEDC) has just approved the company’s additional $549 million investment to expand its operations in Racine County. This will help the manufacturer build more AI servers for its clients, especially as demand is steadily increasing.
“As the demand for more data infrastructure continues to rise, Foxconn will keep responding to our customers’ needs with flexibility and at scale in the United States,” Foxconn chief product officer Jerry Hsiao told Reuters. The move will not only increase the company’s output, but it will also result in 1,374 new jobs — effectively doubling the workforce in the state, which already accounts for 25% of the company’s workforce in the U.S.
