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Foxconn to Invest $569 Million in Wisconsin to Build AI Servers, Adding Nearly 1,400 Jobs

Wisconsin approved up to $16 million in performance-based tax credits tied to hiring milestones.

Overview

  • WEDC announced a four-year expansion at Foxconn’s Mount Pleasant site focused on artificial intelligence server production.
  • The plan targets 1,374 additional positions by 2029, more than doubling the current Wisconsin workforce of about 1,200.
  • Under a revised state agreement, total tax credits available through 2029 could reach up to $96 million, according to WEDC.
  • By the end of 2024, WEDC tallied more than $700 million invested and over 1,200 jobs, with projections of roughly 2,600 jobs and $1.2 billion in capital investment by 2029.
  • Much of the original campus is now being developed by Microsoft as a data center complex.