“Foxconn Technology Group has purchased a downtown Milwaukee building to house its North American headquarters as it prepares to build a mammoth manufacturing complex 30 miles to the south,” The Associated Press reports. “Foxconn purchased the seven-story building from Northwestern Mutual, which ceremonially turned over the keys to the Taiwanese company Friday.”

“Foxconn executive Louis Woo says about 500 people will work at the headquarters,” AP reports. “The electronics giant is building a manufacturing plant in neighboring Racine County to make liquid crystal display panels for commercial and consumer uses, including televisions. The $10 billion plant is expected eventually employ as many as 13,000 people.”

“Meanwhile, Foxconn and the University of Wisconsin-Milwaukee are launching an internship program that will send engineering students to the company’s headquarters in Taiwan for a semester,” AP reports. “The program announced Thursday is designed to develop local talent for the company’s planned manufacturing facility in southeast Wisconsin.”

Read more in the full article here.

MacDailyNews Take: Hopefully, they’ll make a bunch of those new, forthcoming Apple pro displays in Racine County, too!

SEE ALSO:
President Trump announces Apple supplier Foxconn’s $10 billion investment in Wisconsin and up to 13,000 jobs – July 27, 2017
President Trump to announce Apple-supplier Foxconn manufacturing plant in Wisconsin today at 5pm EDT – July 26, 2017
Apple supplier Foxconn nearing decision to build plant in Wisconsin to produce display panels – July 25, 2017
Made in America iPhones, after all? Apple supplier Foxconn considering iPhone plant in Wisconsin – June 15, 2017
China Premier Li visits Apple supplier Foxconn after CEO’s meeting with President Trump – May 10, 2017
Apple’s top manufacturing partner to meet with U.S. President Trump today – April 27, 2017
Apple could help Westinghouse in completing new nuclear plants – April 17, 2017
Apple may bid for big stake in Toshiba – April 17, 2017
Apple supplier Sharp may begin building $7 billion U.S. plant in within months as Japan PM meets President Trump – February 8, 2017
Foxconn-Sharp considering LCD plant in USA, plans in response to President-elect Trump’s ‘Make in America’ call – January 13, 2017
With President Trump soon to take office, Apple looks to boost its ‘Made in America’ credentials – January 10, 2017
Make America Insanely Great Again: Apple seeks to expand Made in USA manufacturing – January 9, 2017
Apple invests $1 billion in SoftBank’s massive tech fund; may help company get in President Trump’s good graces – January 4, 2017
Apple in talks to invest $1 billion in SoftBank tech fund – December 13, 2016
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016