Foxconn Technology USA Corp. Establishes Manufacturing Facility in Louisville
FRANKFORT, Ky. – In a significant advancement for the state’s advanced manufacturing sector, Governor Andy Beshear announced today that Foxconn Technology USA Corp.
(FTC USA), The American subsidiary of Taiwan’s esteemed Foxconn Technology Co., Ltd. will inaugurate its manufacturing operation in the United States.
This project, boasting a substantial investment of $173 million, is projected to generate 180 new jobs for Kentucky residents.
Headquartered in New Taipei City, Taiwan, Foxconn Technology Co. operates as an autonomous entity listed publicly and ranks as a preeminent leader in the domain of precision parts manufacturing and electronic product assembly.
The firm is renowned for its exceptional quality components and fully assembled products, catering to a diverse array of industries that span from consumer electronics to industrial applications.
“Kentucky’s enduring legacy of collaboration with international enterprises has facilitated billions in economic investment and a myriad of job opportunities over the years,” expressed Governor Beshear.
“I extend my gratitude to the leadership at FTC USA for placing their confidence in Kentucky as the site for their first U.S. operation and for creating 180 new positions for our citizens. Together, we anticipate a prosperous future in your New Kentucky Home.”
In light of shifting dynamics within the global supply chain and burgeoning opportunities in the international advanced manufacturing arena, FTC USA is poised to initiate its strategic endeavor to establish a manufacturing facility in the U.S.
This ambitious project will feature a cutting-edge production system that integrates artificial intelligence, Internet of Things (IoT), and state-of-the-art computing technologies to facilitate digitally advanced operations. The facility is anticipated to commence operations by the third quarter of 2026.
The United States has historically been Taiwan’s most pivotal business ally, offering essential support not only in technological innovation and capital investment but also in broadening market channels for Taiwanese enterprises, fostering sustainable economic growth in Taiwan, articulated by Ben Liaw, CEO of FTC USA.
Many members of our management team and workforce have previously pursued studies or gained vocational experience in the United States, which has been instrumental in their professional evolution and in the development of FTC.
Our decision to establish manufacturing operations in the U.S. underscores our commitment to fostering amicable bilateral relations while focusing on long-term talent cultivation and advancements in AI manufacturing technology. We aspire to craft a mutually beneficial alliance and lay a solid groundwork for sustainable growth.
Louisville Mayor Craig Greenberg expressed his enthusiasm in welcoming the corporation: Louisville continues to assert itself as America’s preeminent hub for the future of manufacturing. This announcement is the culmination of robust collaboration among state and local entities.
We pride ourselves on welcoming FTC USA and are confident that this company will bring lucrative job opportunities to our community and spur future growth. Louisville is thriving, and the recent economic developments bear testament to our status as an optimal location for business.
Trevor Pawl, CEO of the Louisville Economic Development Alliance, emphasized the project’s positive ramifications for the region: When a company like FTC USA opts for Louisville, it conveys a resounding message: We are not merely open for business; we are paving the way for its future.
This initiative introduces advanced technologies such as AI and automation into a community already poised to excel in this realm. It represents a substantial benefit for our workforce, economy, and the trajectory of American industry.
We are eager to collaborate with FTC USA and the Kentucky Cabinet for Economic Development on this transformative investment.
John R. Crockett III, President of LG&E and KU, underscored the importance of collaboration: We are in an exhilarating era here in Louisville and across Kentucky, as the interest in establishing new and expanding businesses continues to flourish.
The arrival of FTC USA exemplifies how robust partnerships and efficient, reliable energy are propelling Kentucky’s economic momentum. We take pride in powering growth and opportunity in every community we serve.
FTC USA’s investment and the corresponding job creation signify a remarkable enhancement in the most prosperous five-year period for economic growth in the state’s history.
Source link: Lanereport.com.
