Taiwan based Foxconn, known as Hon Hai Precision Industry Co. is the world’s largest contract maker of electronics and plans to build a $10 billion plant in Wisconsin to make liquid crystal display panels (LCDs). Foxconn is a huge giant in the electronics industry marking themselves a dominant position in the global manufacturing supply chain by making tons of iPhones and other gadgets. With factories spread out across mainland China, Foxconn also manufactures products for Sony Corp., Dell Inc., and Blackberry Ltd.
In the 1980s, Foxconn started making electrical connectors for companies like IBM and Atari and quickly grew due to the popularity of video games and personal computers. The first factory was built in Shenzhen, China and employed hundreds of thousands of workers on dozens of assembly lines. This move helped transform southern China into a global electronics manufacturing powerhouse.
Building a new plant in the U.S. will bring Foxconn closer to its biggest market, television. Improving TV picture clarity will bring 4 times the resolution of high definition TVs.