Foxconn buys building across street from Wisconsin Capitol

Racine, Wis. — According to the Associated press Foxconn Technology Group announced Friday it was buying a six-story office building across the street from Wisconsin’s state Capitol to house an off-campus research center it will run as part of a partnership with the University of Wisconsin-Madison. The purchase is the latest in a string of buildings Foxconn has acquired in Racine, Green Bay, Milwaukee and Eau Claire as it expands its reach across Wisconsin beyond its massive campus in the southeast part of the state. The Taiwanese-based company is the world’s largest electronics provider, with Apple, Google and Amazon all as customers. Foxconn has said it will build a manufacturing facility in Wisconsin to make liquid crystal display screens for cellphones, tablets, televisions and other devices. Foxconn has said that campus will employ 13,000 people and cost $10 billion, which would net the company about $4.5 billion in state and local tax credits. Construction of the manufacturing facility was to begin this year and is scheduled to be operational by the end of 2020.