Foxconn awards 35+ contracts for $10bn 'megafactory'
Foxconn has awarded contracts to 37 companies to help construct its the Multipurpose Building at the Wisconn Valley Science and Technology Park campus in Mount Pleasant.
The Multipurpose Building is a 120,000 square feet facility and the first building being constructed on the Foxconn campus, which has been dubbed a 'megafactory'.
The structure will serve as office space for construction companies involved in the building of the Wisconn Valley Science and Technology Park. It will also house research and development facilities focusing on advanced display technology and applications in all aspects of smart lives.
It will contribute to the development of the AI 8K+5G ecosystem that Foxconn is building across the Badger State.
“Today’s announcement reflects Foxconn’s continued commitment to a ‘Wisconsin First’ plan by working with companies all across the State,” said Dr. Louis Woo, Special Assistant to Foxconn Founder and CEO Terry Gou.
“We are proud all of these companies have Wisconsin operations, and it is good to see that many are from Southeast Wisconsin, as well as some from the Madison-area, the Fox Valley and West Central Wisconsin.
“Part of the reason we selected Wisconsin is the quality of workmanship we find here. We look forward to our continued partnership with companies here as we invest $10 billion and create 13,000 jobs that will pay an average of $53,875 annually.”
Several of the companies are owned by veterans, women and minorities. These include DK Contractors, Arrow Marine Transport Inc., E3 Group, HVA Products, Inc., Professional System Analysis, Inc., and Hiram Power.
Work on the building is expected to begin in August and scheduled for completion by late 2018. The subcontractors working on this project range from caulking and painting to lighting and roofing.
Henry Boot, Factory form joint venture with £1bn scheme
The property development business of Henry Boot (HBD) has announced it has formed a joint venture with international tech campus developer Factory as part of a £1bn scheme known as the Golden Valley Development.
Called HBD X Factory, the joint venture has been chosen to deliver the first phase of the scheme based in Cheltenham, which aims to focus on the development of technology in the UK. Centered around cyber and digital innovation, the development will include 3,700 new homes and 2mn sq ft of commercial space. Phase 1 aims to accommodate 111 acres of the scheme and will be located close to Factory’s first UK tech building near GCHQ.
Confirming the UK as a leader in cybersecurity
Minister for Digital Infrastructure, Matt Warman, said the £1bn development would help confirm the UK’s position as a leader in cybersecurity: “We are investing to help cyber-security businesses across the country tackle barriers to growth and boost people’s digital skills so we can usher in a golden age in UK tech.”
Commenting on the partnership, HBD Managing Director Ed Hutchinson said: “The HBD X Factory partnership reflects our focus on delivering large-scale, transformative regeneration projects – the Golden Valley Development is a hugely important project for Cheltenham, the South West region and the wider UK tech sector and we look forward to working alongside Factory to bring the scheme forward.”
It is expected that Client Cheltenham Borough Council will submit a planning application for the site in 2022 with Tewksbury Borough Council as a partner. Discussing future plans for the partnership, Henry Boot said the new JV would “focus on developing large-scale mixed-use districts and urban regeneration projects.”
Image: Henry Boot