Taiwan-based electronics manufacturer Foxconn, formally known as Hon Hai Precision Industry Co. Ltd., announced plans to establish its North American headquarters in Milwaukee following the purchase of a seven-story building in the area, Reuters reported June 16.
The building in downtown Milwaukee will house more than 500 employees, according to Foxconn.
U.S. President Donald Trump said July 26, 2017, that Foxconn was planning to invest $10 billion to build a manufacturing facility in southeastern Wisconsin by 2020. Wisconsin Gov. Scott Walker on Sept. 18, 2017, signed a $3 billion incentive package for the Chinese electronic manufacturer to build an LCD manufacturing facility in the state.
The facility will be in the village of Mount Pleasant, Wis. Local utility Wisconsin Electric Power Co., a subsidiary of WEC Energy Group Inc., has estimated the plant's initial electric load at 200 MW, but is planning for overall demand in the area of 230 MW to accommodate related commercial and residential load growth. Regional electric transmission provider American Transmission Co. LLC has proposed a new substation and 345-kV lines of 15.3 miles or 15.5 miles, depending on the final route selected, that are estimated to cost $117 million to $120 million. An environmental impact statement on the transmission component, called the Mount Pleasant Tech Interconnection Project, was submitted to Wisconsin regulators in May. (Wisconsin Public Service Commission Docket No. 137-CE-188)