Foxconn Secures Approval to Invest Additional $569 Million in Wisconsin

By Sherry Qin

Foxconn Technology has secured approval to invest an additional $569 million in Wisconsin to build artificial-intelligence infrastructure, amid surging demand for AI servers from U.S. customers.

The Wisconsin Economic Development Corporation gave the greenlight for Foxconn to expand its operations in Racine County, the company said in a statement on Wednesday.

The planned additional investment is aimed at meeting rising AI server demand from U.S. customers and strengthening domestic supply chains, the world's largest contract electronics maker said.

The Taiwanese company, which until recently was best known as an iPhone assembler for Apple, has consolidated its position in the AI supply chain by making AI servers for U.S. tech giants including Amazon and Nvidia.

"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," said Jerry Hsiao, Foxconn's chief product officer and U.S. general manager.

Foxconn, formally known as Hon Hai Precision Industry, has spent more than $2 billion in Wisconsin over the past several years across payroll, capital expenditure and taxes, creating around 1,500 jobs in server production, it said.

The additional investment plan is the second amendment to Foxconn's contract with WEDC. In 2021, WEDC approved the company's plan to shrink its investment to $672 million from the previously promised $10 billion.

Write to Sherry Qin at sherry.qin@wsj.com

(END) Dow Jones Newswires

November 26, 2025 00:05 ET (05:05 GMT)