FOXCONN ANNOUNCES UPDATES ON WISCONN VALLEY SCIENCE AND TECHNOLOGY PARK

Foxconn Technology Group today issued the following statement detailing the most recent update on the Wisconn Valley Science and Technology Park: After productive discussions between the White House and the company, and after a personal conversation between President Donald J. Trump and Chairman Terry Gou, Foxconn is moving forward with our planned construction of a Gen 6 fab facility, which will be at the heart of the Wisconn Valley Science and Technology Park. This campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region.   Our decision is also based on a recent comprehensive and systematic evaluation to help determine the best fit for our Wisconsin project among TFT technologies. We have undertaken the evaluation while simultaneously seeking to broaden our investment across Wisconsin far beyond our original plans to ensure the company, our workforce, the local community, and the state of Wisconsin will be positioned for long-term success.   We look forward to continuing to expand our investment in American talent in Wisconsin and the US.

LOCAL LEADERS WELCOME FOXCONN ANNOUNCEMENT OF GEN 6 MANUFACTURING FACILITY IN RACINE COUNTY

The following joint statement was issued today by Village of Mount Pleasant President David DeGroot, City of Racine Mayor Cory Mason, Racine County Executive Jonathan Delagrave and Jenny Trick, Executive Director of the Racine County Economic Development Corporation (RCEDC): We welcome today’s announcement that Foxconn has determined the LCD/TFT technology it will build at its advanced manufacturing campus in the Village of Mount Pleasant. We look forward to working with Foxconn as it advances its Generation 6 manufacturing facility, including its ongoing construction of manufacturing, assembly and research facilities in 2019. Foxconn has confirmed to us that it will host information sessions in April for the next round of construction. It will also commence work on the Gen6 Fab facility, along with completing work on the campus facilities it shared earlier this week, over the next 18 months. We remain committed to ensuring that Foxconn’s investment in our community will bring unparalleled economic development, job growth and enhanced quality of life for those in Racine County and throughout Wisconsin.