Taiwanese contract electronics manufacturer Foxconn has purchased a building in Milwaukee, Wisconsin to serve as its North American headquarters, according to the Associated Press.
Foxconn is buying the 611 Building originally owned by Northwestern Mutual, which handed the building over to the company in a ceremony on Friday. It says that it will house 500 workers in the new headquarters, which will also include an “innovation center” designed to aid startups working on applications for the LCD panels that the company plans to manufacture in the state. Louis Woo, Special Assistant to Foxconn chairman Terry Gou, said that the company will “focus on building a stronger corporate team here in Milwaukee.”
The company has also announced a...
