Foxconn to spend $173 million on new Kentucky Plant

Foxconn Technology Co. announced December 9 it would spend $173 million to establish a new factory in Louisville Kentucky. In a statement, Kentucky governor’s office said the Taiwan-based technology manufacturer and Apple supplier’s new factory would create 180 new jobs and start operations in the third quarter of 2026.

The company, also known as FTC or Hon Hai Technology Group, said the factory would make “consumer electronics,” but did not provide more specific details. According to local news site WDRM, Louisville Mayor Craig Greenberg confirmed it would make consumer products for a “well-known” brand, and a press conference presentation reportedly displayed a map of Foxconn factories with a “Kentucky Assembly — TV/Display” over Louisville. Foxconn’s contract manufacturing operations famously produce most iPhones as well as products for Amazon, Vizio, Microsoft and Sony.

According to the Kentucky governor’s office, the 350,000-square-foot facility will feature advanced manufacturing technology, including AI and robotics, in “all phases of production.”

The state of Kentucky, via the Kentucky Economic Development Finance Authority, helped secure Foxconn’s investment with a 10-year incentive agreement worth up to $3.4 million, as well as $600,000 in tax incentives. The city of Louisville is contributing an occupational tax contribution of up to 1% of new wages created by the project and free recruitment, job placement and training services.

What people are saying

“This is more than a new factory — it’s a new chapter in American manufacturing,” said Ben Liaw, CEO of FTC-USA. “Foxconn helped pioneer the world’s most advanced production systems, from smartphones to computing devices. Now we’re bringing that same precision and innovation to the United States. By combining America’s engineering talent with Foxconn’s smart factory technologies, we will produce advanced consumer products at a scale and quality the U.S. hasn’t seen in generations.”

“Kentucky’s long, successful history of working with international companies has led to billions in economic investment and countless job opportunities over the years,” said Kentucky Gov. Andy Beshear. “I want to thank FTC USA’s leadership for trusting in Kentucky to locate their first operation in the United States and for creating 180 new opportunities for our people. Together, we’ll see years of success in your New Kentucky Home.”

“Louisville continues to emerge as the national leader in advanced manufacturing,” said Louisville Mayor Craig Greenberg. “This investment is the result of strong collaboration among our state and local partners. We’re proud to welcome FTC-USA to Louisville and know this company will bring good-paying jobs, new opportunities, and lasting economic growth to our community. Louisville’s momentum is undeniable, and the world is taking notice.”

“When a company like Foxconn chooses Louisville, it sends a powerful message: we’re not just open for business, we’re building the future of it," said Louisville Economic Development Alliance CEO Trevor Pawl. "This project brings advanced technologies like artificial intelligence (AI) and automation into a community that’s already prepared to lead in this space. It’s a win for our residents, our economy, and the future of American industry, and we’re excited to partner with Foxconn and KyCED on this transformative investment.”

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